The government said it will look at options to reform individual savings accounts (ISAs) to try and encourage more people to invest.
Documents released alongside Chancellor Rachel Reeves' Spring Statement revealed the government is looking at reforms.
This echoes reports in recent weeks and the new strategy announced by the City watchdog this week,
"The government is looking at options for reforms to ISAs that get the balance right between cash and equities to earn better returns for savers, boost the culture of retail investment, and support the growth mission," the documents said.
Industry analysis of costings in documents indicated that the overall ISA limit of £20,000 will remain in place until at least 2029/30.
Michael Summersgill, chief executive of AJ Bell, said the Chancellor had made clear recently that she wanted to bring about a retail investing revolution in the UK.
"Despite holding off on reform today, the government has confirmed change to the status quo is being considered ahead of the Budget later this year, with Labour having already committed to ISA simplification and encouraging greater use of Stocks and Shares ISAs during the general election campaign," he said.
While the Spring Statement document mentions getting the "balance right" between cash and equities, Summersgill said research conducted by AJ Bell on cash ISAs "suggests this will not be an optimal way to shift consumer behaviour", with few cash savers saying they would migrate to investing in the UK stock market if the allowance was reduced or abolished.
Anne Fairweather, head of public policy and government affairs at Hargreaves Lansdown, said the platform operator is understandably "fully behind" the government’s mission to increase retail investment.
"It’s good to see that rather than making an arbitrary change to cash ISAs, the government is taking a more measured and holistic approach, exploring the best ways to support saving and investing through ISAs."
She notes that "major change is already on the way" as an 'advice boundary' review will introduce targeted support for retail investors, guiding them to get the mix of assets right for each person and their circumstances.
"A slower pace of change to the ISA suite will enable the government to assess the impact of these changes before considering what else should be done," says Fairweather.
On Tuesday this week, the Financial Conduct Authority noted that its mandate now includes supporting growth, resulting in an adjustment to its approach.
This will include "widening retail access to investment opportunities will make it easier for businesses to seek capital, increase liquidity and provide investors with the prospect of higher returns".
FCA chair Ashley Alder said the regulator wants to "shift our collective attitude across financial services to risk".