Individual Savings Accounts: First Time Buyers

Summary

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of reducing the penalty charge to 20% for people (a) with Lifetime ISAs and (b) whose first property costs more than £450,000.

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Timeline

1. 18 December 2023

   Written question

   To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of reducing the penalty charge to 20% for people (a) with Lifetime ISAs and (b) whose first property costs more than £450,000.

   Source: Commons

2. 9 January 2024

   Answer

   The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible. The Lifetime ISA is intended to support younger people saving f...

   Source: Written answer

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• · Treasury · Answering body

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