Written Question·Treasury·UIN 50484

Individual Savings Accounts

Tabled: 7 May 2025

Answered: 14 May 2025

Named Day

Question

Mark Garnier

To ask the Chancellor of the Exchequer, what information her Department holds on usage of the Lifetime ISA by region; and if she will make an assessment of the potential impact of the Lifetime ISA price cap on prospective first-time buyers in each region.

Answer

Emma Reynolds

At the request of the Treasury Select Committee, HMRC recently released regional data on the Lifetime ISA.HMRC Letter to Treasury Select Committee Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has i...

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