Individual Savings Accounts

Summary

To ask the Chancellor of the Exchequer, whether she plans to adjust the upper limit on house purchases using a Lifetime ISA in line with inflation.

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Timeline

1. 4 October 2024

   Written question

   To ask the Chancellor of the Exchequer, whether she plans to adjust the upper limit on house purchases using a Lifetime ISA in line with inflation.

   Source: Commons

2. 14 October 2024

   Answer

   Data from the latest UK House Price Index demonstrates that the average price paid by first-time buyers remains below the LISA property price cap in all regions of the UK.Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups th...

   Source: Written answer

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• · Treasury · Answering body

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