§ Mr. Norman Lamontasked the Chancellor of the Exchequer why contribubutions to the Government's new index-linked savings scheme cannot be made for children under the age of 16 years.
§ Mr. DellThe concept of Save As You Earn is to encourage regular savings from current earnings. Eligibility was therefore extended only to those persons likely to be in employment or otherwise able to meet a regular savings commitment, hence the minimum age of 16. This condition has applied to successive issues, including the current index-linked issue.