Written Question·Treasury·UIN 3268

Individual Savings Accounts

Tabled: 30 August 2024

Answered: 5 September 2024

Named Day

Question

Sarah Green

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the lifetime ISA property value limit.

Answer

James Murray

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 LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal ...

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