HC Deb 09 May 1967 vol 746 c188W
53. Sir B. Janner

asked the Chancellor of the Exchequer whether he will consider extending to individuals the four per cent. interest rate now to be payable on tax reserve certificates purchased by industrial firms.

Mr. MacDermot

No. Interest on all Tax Reserve Certificates is free of tax. The 3½ per cent. interest rate paid to holders of the current Personal Tax Reserve Certificates offers an attractive yield in comparison with yields on other short-term investments.