Asked by: Peter Bedford (Conservative - Mid Leicestershire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the Protected Savings threshold from £85,000.
Answered by Tulip Siddiq
Deposits held by UK banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, with joint accounts protected up to £170,000.
The PRA sets this limit and is required to review it every five years, with its next review due by 2025 at the latest. Any changes to the limit must be approved by HM Treasury and the government would expect to carefully consider any potential changes proposed by the PRA.
Asked by: Peter Bedford (Conservative - Mid Leicestershire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many employee settlement agreements there were in her Department in each year since 2020; and what the total value of such agreements is.
Answered by James Murray - Exchequer Secretary (HM Treasury)
In each year since 2020, HM Treasury signed zero settlement agreements.
Asked by: Peter Bedford (Conservative - Mid Leicestershire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an estimate of the revenue to the public purse from reducing the top rate of tax relief on pension contributions to 30%.
Answered by Tulip Siddiq
The Government does not publish such estimates.