Skip to main content

National Savings Certificates

Volume 929: debated on Thursday 7 April 1977

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer whether, since the sixteenth issue of National Savings certificates was withdrawn from sale on 31st March and the fifteenth issue can be purchased only by people of retirement age, he will now allow an individual to hold more than 1,000 certificates of the fourteenth and earlier issues, in order to encourage saving.

The Government feel that it would be inappropriate at present to raise the maximum holdings of 14th Issue National Savings certificates in view of the tax exemption which they enjoy. The Department for National Savings provides other facilities for sums over £1,000.