Personal Savings
(asked on 13th July 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps the Government is taking to support people with personal savings.
This question was answered on 19th July 2016
This Government has taken radical steps to support savers. From April 2017 the Lifetime ISA will mean People under 40 can use it to save for their first home and retirement and receive a 25% bonus from the Government. From the same date, all savers will also be able to benefit from the largest ever increase in the annual ISA allowance from £15,240 to £20,000 per year.