Currently, people can save up to £20,000 tax-free each year in an ISA. The government is considering proposals to lower this threshold specifically for Cash ISAs, to encourage people to invest in Stocks & Shares ISAs instead.

Find Out Now surveyed over 14,000 Cash ISA holders to gauge their reaction, for the Money Mail. The full article available here. The results show strong opposition to the proposal:

• Those with only a Cash ISA were three times more likely to say “would not put any money into a Stocks & Shares ISA” (47 per cent) compared to “I’d still save the same amount in ISAs overall” (15 per cent)
• Only 1 in 7 (15 per cent) said they would shift all their savings into a Stocks & Shares ISA
• Raw figures for above:
  • “I’d still save the same amount in ISAs overall (any extra money I would have put in a Cash ISA, I’d put in a Stocks & Shares ISA instead)” 15%
  • “I’d max out a Cash ISA, then put some but not all of any extra money into a Stocks & Shares ISA” 8%
  • “I’d max out a Cash ISA, and would not put any money into a Stocks & Shares ISA” 47%
  • “Don’t know” 30%
• Raw data can be viewed here: https://audience.findoutnow.co.uk/question.php?key=u6cagt8&q=13840&qid=42551&filter=42550

Find Out Now polled 14,216 current ISA holders from across the UK online between 12th – 17th February 2025. Find Out Now is a member of the British Polling Council and abides by its rules.