Written Question·Treasury·UIN 50101
Individual Savings Accounts
Tabled: 6 May 2025
Answered: 13 May 2025
Named DayQuestion
Mark Garnier
Conservative — Wyre Forest
To ask the Chancellor of the Exchequer, what estimate she has made of the annual cost to the Exchequer of the Lifetime ISA in terms of (a) reduced tax revenue and (b) value paid bonus payments in (i) 2024–25 and (ii) 2025–26.
Answer
Emma ReynoldsThe cost of the tax relief element of the Lifetime ISA is included within tax relief cost of all ISAs, which can be found in the Non-structural tax relief statistics publication, specifically table 5.16. A forecast of estimated bonus paid is published wit...
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