Employee Ownership and Save As You Earn

HM Treasury written question – answered on 8th December 2017.

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Photo of James Duddridge James Duddridge Conservative, Rochford and Southend East

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of increasing the contribution limits for (a) Share Incentive Plans and (b) Save As You Earn in line with inflation.

Photo of Kenneth Clarke Kenneth Clarke Father of the House of Commons

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential merits of annually indexing the contribution limits for Share Incentive Plans and Save As You Earn plans; and if he will make a statement.

Photo of Stephen Barclay Stephen Barclay The Economic Secretary to the Treasury

In 2014 the government doubled the contribution limits for the Share Incentive Plans and Save As You Earn schemes from £250 to £500 per month. There are no current plans to change these limits. The government keeps all areas of the tax system under review.

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