Rachel Reeves – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Rachel Reeves on 2016-01-13.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of income accruing to the Exchequer annually if ISA returns became taxable on pots greater than (a) £250,000, (b) £500,000 and (c) £1 million.

Harriett Baldwin

HM Revenue and Customs publishes detailed statistics relating to Individual Savings Accounts on Gov.uk. Links given below:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/487119/Dec15_expenditure_reliefs_Final.xlsx.pdf)

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/423438/Table_9.10_2012-13_for_publication.pdf).

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