United Kingdom · Question · Written question
UIN 32632
Individual Savings Accounts
Original
Introduced
7 July 2022
Last action
14 July 2022 · Answer
Status
Answered
Sponsors
—
Subjects
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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
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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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-07-07/32632
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1487439
- uk · wq-1487439 · source updated 14 July 2022