Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of changes to the cash ISA limit on savers nearing retirement.

Individual Savings Accounts (ISAs) incentivise saving and investment for future goals by providing tax advantages to individual taxpayers. At Autumn Budget 2025, the government announced that from 6 April 2027, the annual Cash ISA limit will be set at £12,000 within the overall ISA limit of £20,000. Those aged 65 and over will continue to be able to put up to £20,000k in a cash ISA each year as we recognise they might need more flexibility to manage their savings as they approach retirement.