Editing Individual savings account (section)

=== British ISA ===
A British ISA was announced by the government in its Spring Budget 2024 with an annual allowance of £5,000 to be used only towards investment in UK companies.<ref>{{Cite web |title=Chancellor delivers lower taxes, more investment and better public services in 'Budget for Long Term Growth' |url=https://www.gov.uk/government/news/chancellor-delivers-lower-taxes-more-investment-and-better-public-services-in-budget-for-long-term-growth |access-date=2024-03-07 |website=GOV.UK |language=en}}</ref> It is expected that the £5,000 annual subscription will be in addition to the current £20,000 ISA allowance. The aim of the British ISA is to encourage investment in UK companies, so a number of bespoke rules may be created which will differentiate it from current ISAs, including on transfers and holding cash. 

The government launched a consultation on how a British ISA will work, lasting until June 2024. It is not expected to be available until 2025.<ref>{{Cite web |last=King |first=Alex |date=2024-03-06 |title=British ISA - All you need to know |url=https://generationmoney.co.uk/british-isa/ |access-date=2024-03-07 |website=Generation Money |language=en-UK}}</ref>