To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of reducing the ISA allowance on pensioner savings.
Answered on
14 March 2025
The Government is committed to incentivising saving and investment, helping people to save for their future goals and build greater financial resilience. Individual Savings Accounts (ISAs) support people of all incomes and at all stages of life to save, and the flexibility of the existing ISA framework allows older individuals to save for future life events such as retirement or care needs.
The Government keeps all aspects of the tax system under review.
Answered by
Treasury
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