questionText: 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.
answerText: 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...
heading: Personal Savings: Tax Allowances