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.
Rachel Reeves
Chancellor
Similar motions
Increase the personal tax-free allowance to £26000
Increase the Personal Allowance to £16,000 and link it to inflation
Raise the standard tax-free Personal Allowance to £45,000
Increase the personal tax allowance for single adult households to £15,000
Increase Personal Income Tax allowance to £14,000 to cover the State Pension
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.
Similar motions
Increase the personal tax-free allowance to £26000
Increase the Personal Allowance to £16,000 and link it to inflation
Raise the standard tax-free Personal Allowance to £45,000
Increase the personal tax allowance for single adult households to £15,000
Increase Personal Income Tax allowance to £14,000 to cover the State Pension