Have your say on government e-petitions

Increase the current Personal Savings Allowance (PSA) from £1000 to £3000

Submitted by Carl Kalland on Friday 28th November 2025

Published on Thursday 8th January 2026

Current status: Open

Open until: Wednesday 8th July 2026

Current Signatures: 93
(count is updated approximately hourly)

Relevant Departments

Tagged with

Allowance ~ Ratings ~ Saving ~ Tax ~ Unfair

Petition Action

Increase the current Personal Savings Allowance (PSA) from £1000 to £3000

Petition Details

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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