Oral Question·Treasury
“What steps she plans to take to encourage saving.”
Tabled: 26 February 2025Answered: 4 March 2025
Asked by
Alex Mayer
Labour — Dunstable and Leighton Buzzard
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Economic Secretary to the Treasury (Emma Reynolds)
The Government are committed to supporting people to save and invest, and we want to build a better investment culture. Currently, 85% of people with savings income do not pay tax on it. As we announced at the Budget from next month, we will expand the help to save scheme to all universal credit claimants in work.