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United Kingdom · Question · Written question

UIN 11275

Individual Savings Accounts: Fees and Charges

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 January 2024

Last action

31 January 2024 · Answer

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Answered

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Discovery layer

Source updated

31 January 2024

Summary

To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 January 2024

    Written question

    To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty.

    Source: Commons

  2. 31 January 2024

    Answer

    The Lifetime ISA (LISA) is designed to support people to achieve the aspiration of homeownership, or to build up savings for their later life. LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in...

    Source: Written answer

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