§ Mr. Wrigglesworthasked the Chancel for of the Exchequer what is the present maximum amount of monthly investment permitted to an individual in SAYE index-linked savings contracts; when this figure was instituted; what is the present equivalent in money terms to the figures' value when instituted; and whether this latter sum will now be applied as the maximum permitted in order to restore the real value of the upper limit of this type of national saving.
§ Mr. Denzil DaviesThe maximum monthly contribution under an index-linked Third Issue Save As You Earn contract is £20 and has remained unchanged since the issue was introduced in July 1975. An investment of £20 in July 1975 would have to be increased to £25 .39 in March 1977 to maintain its original value. We keep the terms of all national savings securities under regular review, but have no plans at present for increasing the scope or limits of the index-linked national savings schemes.