Retain the existing £20000 per tax year cash ISA allowance
I wish the UK government to retain the annual £20000 allowance for cash ISAs so that savers earn interest that is free of tax.
Signatures
6
signatures
Government response threshold (10,000) · 6/10,000
Debate threshold (100,000) · 6/100,000
- 23 APR 2025Petition rejectedduplicate
You may wish to sign the following petition, which calls for similar action: Do not lower or remove the £20,000 annual cash ISA allowance https://petition.parliament.uk/petitions/718599
- 21 FEB 2025Petition created
Background
Cash ISAs are extremely popular, don’t need simplifying, and the existing allowance means interest earned on already taxed deposits to be free of further taxation. Prudent savers that choose not to invest in longer term but riskier stocks and shares ISAs should be free to do so.