Open petition: Increase the current Personal Savings Allowance (PSA) from £1000 to £3000
Created by Carl Kalland
Closes on
Increase Personal Savers allowance to £3000. We think £1000 is a very low rate at which to start taxing the interest on people’s savings, this needs to be changed as most of savings has already been taxed, it’s totally unfair, no incentive to save up.
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If this petition gets 10,000 signatures, government will respond to it.
If this petition gets 100,000 signatures, it will be considered for debate in Parliament.
This petition will stay open until 8 July 2026.