Asked by: Lord Clarke of Nottingham (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential merits of annually indexing the contribution limits for Share Incentive Plans and Save As You Earn plans; and if he will make a statement.
Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs
In 2014 the government doubled the contribution limits for the Share Incentive Plans and Save As You Earn schemes from £250 to £500 per month. There are no current plans to change these limits. The government keeps all areas of the tax system under review.