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<p>The Government notes the Association of Accounting Technicians Individual Savings
Account Working Group’s proposals regarding ISAs. The Chancellor of the Exchequer
keeps all tax policy under review and information provided to us is considered as
part of this process.</p><p> </p><p>The Government wants to continue to support people
to save in the way that is right for them, which is why there are a range of options
to help people make their money go further.</p><p> </p><p>ISAs form part of this support,
and remain an incredibly popular product with around half of UK households having
one.</p><p> </p><p>In April 2017, the ISA allowance increased by a record amount to
£20,000. This, combined with the introduction of the Personal Savings Allowance in
April 2016, has given savers more flexibility when choosing the product most suitable
for them and means that over 95% of people have no tax to pay on their savings income.</p>
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