§ Mr. FlightTo ask the Chancellor of the Exchequer (1) what tax regime and investment allowances he proposes to apply to individual savings accounts; and if he will make a statement; [13031]
(2) if he plans to allow existing personal equity plans and tax-exempt special savings accounts account holders to retain their current tax incentives and annual investment allowances, under these schemes, following the introduction of the individual savings account in 1999; [13033]
(3) what estimate he has made of the annual cost or benefit to the Exchequer of introducing the individual savings account; [13039]
(4) if the introduction of the individual savings account will alter the contractual obligations between savers and saving institutions; and if he will make a statement. [13032]
§ Mr. Geoffrey RobinsonConsideration is currently being given, with interested parties, to the scope of tax-privileged savings from 1999. The matters referred to will be covered in a consultative document to be published later this year.