Sentence examples for encourage saving from inspiring English sources

In an attempt to encourage saving the government introduced the Personal Savings Allowance in 2016, allowing basic-rate taxpayers to earn up to £1,000 tax-free with savings accounts or £500 for higher rate tax payers.

Savings banks frequently originated as part of philanthropic efforts to encourage saving among people of modest means.

But Lawrence J. Kotlikoff of Boston University said, "It is clear that saving policies of the last decade, such as expansion of I.R.A.'s, failed to promote national saving". He said a tax on consumption, like a national sales tax, would encourage saving.

Economies, especially those with ageing populations, need to encourage saving.

What of Cameron's plan to encourage saving with tax cuts?

"If that tells government anything, it's we should do more to encourage saving for retirement".

In Germany and, especially, in China, higher inequality has encouraged saving rather than spending.

And low taxes failed to achieve their supposed purpose — encouraging saving.

Others include phasing in a carbon tax, raising top marginal rates slightly or overhauling the tax code to use a progressive consumption tax that encourages saving.

They also provided benefits to workers at many smaller companies that did not have traditional pension plans, encouraged saving and created a portable plan better suited for the modern, job-hopping work force.

But given that people want that, why don't we create savings plans that pay out randomly, like winning the lottery, so that the government doesn't have any take in it, it just encourages saving.