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United Kingdom · Question · Written question

UIN 32632

Individual Savings Accounts

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

7 July 2022

Last action

14 July 2022 · Answer

Status

Answered

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Discovery layer

Source updated

14 July 2022

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the age limit for a Lifetime ISA, in the context of people saving to buy a home.

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Timeline

  1. 7 July 2022

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the age limit for a Lifetime ISA, in the context of people saving to buy a home.

    Source: Commons

  2. 14 July 2022

    Answer

    The Lifetime ISA (LISA) was designed as a long-term savings product intended to support younger people saving for their first home, or for later life. Since April 2017, adults under 40 have been able to open a LISA and save up to £4,000 each year until th...

    Source: Written answer

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