Sunday Times: A minimal 1 per cent tax will be levied on the government’s new state-backed investment accounts

[whiz]

A minimal 1 per cent tax will be levied on the government’s new state-backed investment accounts, according to Sunday Times today

The 1 per cent tax will apply annually only to the value of the account above a tax-free threshold.

 

[Brendan Burgess]

Does the Sunday Times say "minimal" or "minimum"? I presume that they mean minimum?

 

[whiz]

They say minimal but they mean minimum

 

[nest egg]

Any word on the annual limit?