Written Question·Department for Work and Pensions·UIN 30272

Individual Savings Accounts

Tabled: 10 February 2025

Answered: 17 February 2025

Question

Daisy Cooper

To ask the Secretary of State for Work and Pensions, if she will make an assessment of the potential merits of treating savings in lifetime ISAs in the same way as pension funds when calculating savings limits for means tested benefits.

Answer

Sir Stephen Timms

There are no plans to change the way savings held in a Lifetime ISA are treated in the assessment of means-tested benefits including Universal Credit. The value of the pension fund that someone and their employer pays into protects that person for retirem...

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