Treasury written question – answered at on 14 March 2025.
Peter Bedford
Conservative, Mid Leicestershire
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.
Emma Reynolds
The Economic Secretary to the Treasury
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.
Yes0 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
