Individual Savings Accounts: Fees and Charges

Summary

To ask the Chancellor of the Exchequer, what information his Department holds on the number of people who have paid a charge to withdraw money early from an ISA in the last three years; and if he will make an estimate of the total value of those charges.

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Timeline

1. 13 November 2023

   Written question

   To ask the Chancellor of the Exchequer, what information his Department holds on the number of people who have paid a charge to withdraw money early from an ISA in the last three years; and if he will make an estimate of the total value of those charges.

   Source: Commons

2. 16 November 2023

   Answer

   Withdrawals from ISAs do not attract a statutory withdrawal charge. The exception is the Lifetime ISA where a 25% charge applies on the amount withdrawn, other than where the withdrawn funds are used by a first-time buyer to purchase a home that costs £45...

   Source: Written answer

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• · Treasury · Answering body

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