To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of increasing the personal savings allowance for basic rate taxpayers.
The Personal Savings Allowance (PSA) allows basic rate taxpayers to receive up to £1,000 in savings income tax free. Higher rate taxpayers can receive up to £500 in savings income tax free. Individuals can also save up to £20,000 into an Individual Saving...
Personal Savings: Tax Allowances