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The idea developed by a former finance minister and a university economist would have you paying into savings rather than tax.
UK Chancellor Rachel Reeves has paused plans to reduce the tax-free allowance for cash Individual Savings Accounts (ISAs).
If you have over £6,000 in money, savings and investments, your DWP benefit will be reduced by £4.35 for every £250 you have ...
There is more to be done, though, to expand the use of Health Savings Accounts.
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