Overview

• The UK Government has confirmed that the annual ISA allowance will remain at £20,000 until at least 2029/30, as stated in Treasury costings documents.
• The Spring Statement emphasized a cautious approach to potential reforms, focusing on balancing cash and equity ISAs to boost retail investment and economic growth.
• Concerns persist among financial experts and institutions that reducing cash ISA allowances could negatively impact savers, mortgage rates, and the mutual sector.
• The Government is collaborating with the Financial Conduct Authority to develop targeted support systems aimed at encouraging retail investment in equities.
• While no immediate changes are planned, discussions with stakeholders continue, with further updates expected in the Autumn Budget.