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To: Chancellor Rachel Reeves

Protect Cash ISAs

Positive Money

Rachel Reeves confirmed that she won’t be cutting the tax-free cap on Cash ISAs

Tell Rachel Reeves to protect your cash ISA from big finance!
Tell Rachel Reeves to #ProtectCashISAs by not slashing the tax-free cap. 

Why is this important?

Rumours are swirling that Rachel Reeves might slash the tax-free cap on Cash ISAs from £20,000 to £4,000 - after meeting with a group of bank executives. [1]

Cash ISAs (individual savings accounts) are the most popular kind of savings account in the UK. Tax-free and low-risk, they help 18 million of us to save billions for a rainy day.

But the Chancellor is being lobbied by big city firms to cut the allowance so that savers are pushed into moving their money. Reducing the Cash ISA limit - while keeping the stocks and shares ISA allowance the same - would unfairly push people into making riskier investments.

No one should be forced to gamble their savings to help rake in *even more* profit for City bankers. After U-turning on bankers bonuses, we can’t let Labour bend to the will of big banks again. The government should not restrict Cash ISAs.

Tell Rachel Reeves to #ProtectCashISAs - add your name to the petition now.


Category

Partner

Updates

2025-07-31 10:25:14 +0100

Petition is successful with 34,310 signatures

2025-07-16 13:30:21 +0100

A win on Cash ISAs! ...for now.
Chancellor Rachel Reeves hit the brakes on plans to slash the tax-free cap on Cash ISAs in her Mansion House speech last night - a fantastic example of people power in action - but she didn't rule out reforms completely, so please keep sharing the petition to help keep up the pressure!
Read more in our latest blog: https://positivemoney.org/uk/update/a-win-on-cash-isas-for-now/

2025-07-12 13:46:12 +0100

20,000 signatures reached

2025-07-12 10:57:00 +0100

10,000 signatures reached

2025-07-11 11:58:21 +0100

5,000 signatures reached

2025-07-11 09:34:05 +0100

1,000 signatures reached

2025-07-11 09:26:55 +0100

500 signatures reached

2025-07-11 09:18:55 +0100

100 signatures reached

2025-07-11 09:17:45 +0100

50 signatures reached

2025-07-11 09:16:55 +0100

25 signatures reached

2025-07-11 09:15:50 +0100

10 signatures reached