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522459
registered interest false more like this
date less than 2016-06-03more like thismore than 2016-06-03
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Personal Savings remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what steps his Department plans to take to make young working families aware of ways in which they can access (a) proposed Government schemes in the Lifetime Savings Bill and (b) other Government schemes relating to long-term savings. more like this
tabling member constituency Upper Bann more like this
tabling member printed
David Simpson remove filter
uin 39181 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-06-13more like thismore than 2016-06-13
answer text <p>We are committed to supporting savers of all incomes and at all stages of life. From April 2017, the Government will introduce a Lifetime ISA for adults under 40 to help save for a first home or retirement. The Government will also introduce a new Help to Save scheme, available from no later than April 2018, to support working families on low incomes to build up a rainy day fund.</p><p> </p><p>The Government recognises the importance of ensuring that all consumers can access high quality, affordable advice so they can make informed decisions about their hard-earned money. That is why we will replace the Money Advice Service with a new commissioning body that will identify gaps in the financial guidance market and commission targeted money guidance accordingly.</p> more like this
answering member constituency West Worcestershire more like this
answering member printed Harriett Baldwin more like this
question first answered
less than 2016-06-13T13:36:58.027Zmore like thismore than 2016-06-13T13:36:58.027Z
answering member
4107
label Biography information for Dame Harriett Baldwin more like this
tabling member
1597
label Biography information for David Simpson more like this