Save As You Earn

HM Treasury written question – answered at on 24 November 2017.

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Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury)

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of increasing the Save As You Earn contribution holiday period from six to 12 months; and if he will make a statement.

Photo of Nigel Dodds Nigel Dodds Shadow DUP Spokesperson (Reform and Constitutional Issues), Shadow DUP Spokesperson (Foreign Affairs), Shadow DUP Spokesperson (Brexit), DUP Westminster Leader

To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the potential merits of increasing the Save as You Earn contribution holiday period from six to 12 months.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The Save As You Earn employee share scheme is a savings-related share scheme where employees can buy shares with savings for a fixed price. The contributions holiday was designed to offer employees flexibility in saving. The Chancellor announced at Autumn Budget 2017 that employees on maternity and parental leave will be able to take a pause of up to 12 months.

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