Increase the current Personal Savings Allowance (PSA) from £1000 to £3000
Increase Personal Savers allowance to £3000. We think £1000 is a very low rate at which to start taxing the interest on people’s savings, this needs to be changed as most of savings has already been taxed, it’s totally unfair, no incentive to save up.
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Similar motions
Increase the personal tax-free allowance to £26000
With the cost of living still high, we believe there’s strong cross-party and public pressure for tax relief.
Increase the Personal Allowance to £16,000 and link it to inflation
We call on the Government to increase the Personal Allowance from £12,570 to £16,000 and automatically uprate it each year in line with inflation (CPI), so people on low and middle incomes don’t pay more tax in real terms when living costs rise.
Raise the standard tax-free Personal Allowance to £45,000
The Personal Allowance is the amount of income a person can get before they pay income tax. It stands at £12,570 in 2025. We would like the standard Personal Allowance raised to what we think is a more realistic figure of £45,00.
Increase the personal tax allowance for single adult households to £15,000
Revise the tax free allowance for single adult households increasing from £12,570 to £15,000.
Increase Personal Income Tax allowance to £14,000 to cover the State Pension
Raise the income tax personal allowance from £12,570 to £14,000 to cover the State Pension. This will put all State pensioners, including older pensioners who have paid into SERPS or the State second pension, on an equal footing until the end of this Parliament.
Increase the current Personal Savings Allowance (PSA) from £1000 to £3000
Increase Personal Savers allowance to £3000. We think £1000 is a very low rate at which to start taxing the interest on people’s savings, this needs to be changed as most of savings has already been taxed, it’s totally unfair, no incentive to save up.
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motions
Increase the personal tax-free allowance to £26000
With the cost of living still high, we believe there’s strong cross-party and public pressure for tax relief.
Increase the Personal Allowance to £16,000 and link it to inflation
We call on the Government to increase the Personal Allowance from £12,570 to £16,000 and automatically uprate it each year in line with inflation (CPI), so people on low and middle incomes don’t pay more tax in real terms when living costs rise.
Raise the standard tax-free Personal Allowance to £45,000
The Personal Allowance is the amount of income a person can get before they pay income tax. It stands at £12,570 in 2025. We would like the standard Personal Allowance raised to what we think is a more realistic figure of £45,00.
Increase the personal tax allowance for single adult households to £15,000
Revise the tax free allowance for single adult households increasing from £12,570 to £15,000.
Increase Personal Income Tax allowance to £14,000 to cover the State Pension
Raise the income tax personal allowance from £12,570 to £14,000 to cover the State Pension. This will put all State pensioners, including older pensioners who have paid into SERPS or the State second pension, on an equal footing until the end of this Parliament.