Reduce the age at which people can open Individual Savings Accounts to 16
At 16 people can work and get a passport without parental consent. We believe that lowering the minimum age for adult ISAs will send a strong, positive message to younger generations about the power of saving and investing as well as giving young people access to the full benefits of the ISA regime.
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Similar motions
Reduce the Age of Majority from 18 to 16
The Government should amend the Family Law Reform Act 1969 and/or other current legislation so that the Age of Majority is reduced from 18 to 16.
Allow under 16s to work full time
Remove the current hour limit of 12 hours per week while keeping the current safeguards.
Raise the age to 18 for receiving Disability Living Allowance
Being 16 is still considered a child in the UK so how can a 16 year old take the responsibility of applying for PIP and to be knowledgeable about finances. To fill in complex forms is overwhelming for an adult let alone a 16 year old. You can’t drink alcohol until 18 so the laws should be the same.
Government to fix private pension access age at 55
Private pensions have historically been accessible from 55. In light of rising retirement ages, the Government must remove the 10-year link to retirement age and permanently fix the minimum access age at 55. We believe that requiring long-term investment while postponing access is unreasonable.
Reduce the age at which people can open Individual Savings Accounts to 16
At 16 people can work and get a passport without parental consent. We believe that lowering the minimum age for adult ISAs will send a strong, positive message to younger generations about the power of saving and investing as well as giving young people access to the full benefits of the ISA regime.
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motions
Reduce the Age of Majority from 18 to 16
The Government should amend the Family Law Reform Act 1969 and/or other current legislation so that the Age of Majority is reduced from 18 to 16.
Allow under 16s to work full time
Remove the current hour limit of 12 hours per week while keeping the current safeguards.
Raise the age to 18 for receiving Disability Living Allowance
Being 16 is still considered a child in the UK so how can a 16 year old take the responsibility of applying for PIP and to be knowledgeable about finances. To fill in complex forms is overwhelming for an adult let alone a 16 year old. You can’t drink alcohol until 18 so the laws should be the same.
Government to fix private pension access age at 55
Private pensions have historically been accessible from 55. In light of rising retirement ages, the Government must remove the 10-year link to retirement age and permanently fix the minimum access age at 55. We believe that requiring long-term investment while postponing access is unreasonable.