Individual Savings Accounts

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing early access penalty for lifetime ISAs from 25% to 20%.

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Timeline

1. 30 August 2024

   Written question

   To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing early access penalty for lifetime ISAs from 25% to 20%.

   Source: Commons

2. 5 September 2024

   Answer

   The Lifetime ISA (LISA) was set up to help people build up savings for buying their first home, or for their later life. LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal ...

   Source: Written answer

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• · Treasury · Answering body

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