Proceeding contribution from Sheila Gilmore (Labour) in the House of Commons on Monday, 22 November 2010. It occurred during Debate on bill on Savings Accounts and Health in Pregnancy Grant Bill.

Savings Accounts and Health in Pregnancy Grant Bill

The point that I was trying to make is that the only incentive given in the junior ISA is that the payer—the parent or grandparent, or whoever is putting in the money—can get tax relief. The child trust fund gave money to the children of families who do not usually benefit from putting money into a savings account that brings tax relief because they may not be paying tax, or paying very little tax, so it is not of such great advantage.

Secondary information

Type: Proceeding contribution
Reference: 519 c77
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Disability Children Children in care Child trust fund Eligibility Grants Individual savings accounts Pilot schemes Personal savings Low incomes Northern Ireland Poverty Pregnancy Scotland Wales Saving gateway
Legislation: Savings Accounts and Health in Pregnancy Grant Bill 2010-12
Link: View this Proceeding contribution on www.publications.parliament.uk

Savings Accounts and Health in Pregnancy Grant Bill

Secondary information

Librarians' tools