British Chancellor of the Exchequer Jeremy Hunt holds a Ministerial Statement at the House of Commons in London, Britain, June 26, 2023.
ISAs enable people to hold savings and investments without paying tax on interest or capital gains.
According to the FT report one radical option being considered is an additional ISA allowance for investing in UK companies.
Other options being discussed include enabling cash savings and stock market investments to be held within a single ISA, rather than separately as they are now, enabling people to save and invest tax-efficiently, the report said.
The UK's Treasury did not immediately respond to a Reuters' request for comment on the report.
Persons:
Jeremy Hunt, Jessica Taylor, Handout, Akanksha, Leslie Adler
Organizations:
Financial Times, Treasury, ISA, Thomson
Locations:
London, Britain, REUTER, Bengaluru