Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the merits of allowing savings bonds for older people to be used as part of an ISA.

The Government has introduced a range of measures to support savers, including raising the ISA limit to £15,240, and making ISAs more flexible by allowing all of that money to be invested in stocks and shares or cash. The 65+ “Pensioner” Bond is a specific policy on top of the improvements to ISAs, designed to help savers who rely on their income during retirement. The Bonds will be taxed in line with other comparable products in the savings market: the only difference is the market-leading rate.