Written Question·Treasury·UIN 3267
Individual Savings Accounts
Tabled: 30 August 2024
Answered: 5 September 2024
Named DayQuestion
Sarah Green
Liberal Democrat — Chesham and Amersham
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%.
Answer
James MurrayThe 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 LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal ...
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