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Originally Posted by SMHarman
Which is hardly in line with the governments policy statement to encourage more saving (which is a whole other topic).
I would not be suprised if the £3k limit was extended at the next budget
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but you see this is tax free savings. with interest rates going up it means that you earn better interest in normal savings accounts and the higher, longer term, less flexible savings accounts. therefore it doesn't stop people saving but the gov get their share of it.
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if you put money into a pension scheme all you'll enjoy is gloating over nice figures on a piece of paper. if you put it into a home you will see your money grow and be enjoying it in some tangable form.
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i see your point, but on retirement, you may have paid off your mortgage but you may not have a regular income to subsidise your living expenses