§ Lord Marlesford
asked Her Majesty's Government:
Which forms of National Savings are subject to a limit per holder, indicating in respect of each the present limit, the date the limit was last changed and what the limit would be today if adjusted for inflation since it was last changed. [HL4561]
§ Lord McIntosh of Haringey
Product Current Limit Date changed Adjusted using RPI (to nearest £1,000) Income Bonds £1 million October 1999 n/a Pensioners Bonds £1 million September 1999 n/a Fixed Rate Savings Bonds £1 million October 1999 n/a Capital Bonds £250,000 March 1993 £298,000 Premium Bonds £20,000 April 1993 £24,000 Investment Account £100,000 May 1993 £118,000 Ordinary Account £10,000 July 1969 £50,000 Treasurers Account £2 million September 1996 £2,161,000
Other products have a limit per issue and individual holders may invest up to the maximum in each issue. A new issue will be made available, for example, when there is an interest rate change.
Product Current Limit Date changed Adjusted using RPI (to nearest £1,000) Fixed Interest Savings £10,000 per December Certificates Issue 1992 £12,000 Indexed Linked Savings £10,000 per December Certificates Issue 1992 £12,000 Children's Bonus £1,000 per December Bonds Issue 1993 £1,000
National Savings also has a cash mini ISA (Individual Saving Account) which has the limit set under the ISA Regulations—£3,000 for tax year 1999–2000 and £1,000 per tax year thereafter.