Written Question·Treasury·UIN 64755
Personal Savings
Tabled: 3 July 2025
Answered: 9 July 2025
Question
Wendy Morton
Conservative — Aldridge-Brownhills
To ask the Chancellor of the Exchequer, what steps she is taking to incentivise saving.
Answer
Emma ReynoldsIndividuals can save up to £20,000 into an Individual Savings Account each year, and any savings income received is tax free. Along with the Personal Savings Allowance of up to £1,000, and the Starting Rate for Savings of up to £5,000 for those with earne...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 64755) →