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United Kingdom · Question · Written question

UIN 200732

Personal Savings: Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

13 October 2023

Last action

18 October 2023 · Answer

Status

Answered

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Discovery layer

Source updated

18 October 2023

Official sourceShare

Summary

To ask the Chancellor of the Exchequer, if he will make it his policy to increase the personal savings allowance.

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Timeline

  1. 13 October 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will make it his policy to increase the personal savings allowance.

    Source: Commons

  2. 18 October 2023

    Answer

    The Government’s savings tax policy rewards savers by incentivising greater saving and investment. On top of the normal Personal Allowance, the Personal Savings Allowance allows up to £1,000 of tax-free savings for basic rate taxpayers and up to £500 for ...

    Source: Written answer

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