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Department: HM Treasury

Gregory Campbell

Main Page: Gregory Campbell (Democratic Unionist Party - East Londonderry)

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Gregory Campbell Excerpts

Transport Emissions: Urban Areas
Tuesday 22nd May 2018

(6 years, 1 month ago)

Commons Chamber
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John Glen Portrait John Glen
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I am taking this up further, but I am concerned not to put a misleading flat-rate percentage on there, given that most savers who make an unauthorised withdrawal will pay a different amount according to their circumstances.

Gregory Campbell Portrait Mr Gregory Campbell (East Londonderry) (DUP)
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We have junior ISAs, cash ISAs, stocks and shares ISAs and lifetime ISAs. Will the Minister consider simplifying the entire ISA system to help young people in particular with long-term, cost-effective saving?

John Glen Portrait John Glen
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The Government have developed a range of savings products and incentives, or encouraged providers to do so, to reflect the range of needs. We have also raised the ISA allowance to £20,000 and introduced the personal savings allowance, meaning that 95% of people do not pay any tax on their savings income. It is important that we have that range of options for all age groups.

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