Edward Argar – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Edward Argar on 2016-07-13.

To ask Mr Chancellor of the Exchequer, what steps the Government is taking to support people with personal savings.

Simon Kirby

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.