|
answer text |
<p>HM TREASURY</p><p> </p><p> </p><p> </p><p>Gregg McClymont MP</p><p> </p><p><strong>CUMBERNAULD,
KILSYTH AND KIRKINTILLOCH EAST</strong></p><p> </p><p>To ask Mr Chancellor of the
Exchequer, how many people made the maximum allowed contribution to an ISA in each
of the last three years; and how many he estimates will do so in each of the next
three years as a result of changes announced in the 2014 Budget. 195422</p><p> </p><p>DAVID
GAUKE</p><p>In 2010-11, around 1.2 million individuals made full use of their (£10,200)
ISA allowance. Figures for more recent years are not yet available.</p><p> </p><p>As
announced at Budget 2014, from 1 July 2014 the overall annual New ISA subscription
limit will be increased to £15,000 and can be used for either cash or stocks and shares
investments, or any combination of the two, up to this limit. Over 6 million people
are expected to benefit from these increases, including over 5 million adults currently
making full use of the cash ISA limit.</p><p> </p><p>Estimates of the numbers of individuals
expected to save at the new limit in each of the next three years are not available.</p><p>
</p><p> </p>
|
|