Written Question·Treasury·UIN 7245

Individual Savings Accounts

Tabled: 4 October 2024

Answered: 14 October 2024

Question

Rebecca Paul

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.

Answer

Tulip Siddiq

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...

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