Written Question·Treasury·UIN 74436

Individual Savings Accounts

Tabled: 2 September 2025

Answered: 11 September 2025

Named Day

Question

James McMurdock

Independent — South Basildon and East Thurrock

To ask the Chancellor of the Exchequer, what recent analysis she has made of the potential impact on the economy of Lifetime ISA savers defering utilising the scheme for purchasing houses due to the house price restriction and withdrawal penalty.

Answer

Lucy Rigby

The LISA encourages younger people to save towards later life at the same time as being able to save for their first home. Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has increased, it is still be...

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