Written Question·Treasury·UIN 121139

Individual Savings Accounts

Tabled: 16 March 2026

Answered: 24 March 2026

Question

Ms Julie Minns

To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 January 2026 to Question 109300 on Individual Savings Accounts, whether existing Lifetime ISA holders will be permitted to transfer their savings without penalty into the new product tha

Answer

Lucy Rigby

At Autumn Budget 2025, the Government announced that it will consult in early 2026 on introducing a new, simpler ISA product for first time buyers. The new ISA product will be offered in place of the Lifetime ISA. The consultation will consider how existi...

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