Written Question·Treasury·UIN 15092
Individual Savings Accounts
Tabled: 1 July 2026
Answered: 7 July 2026
Question
Euan Stainbank
Labour — Falkirk
To ask the Chancellor of the Exchequer, whether she will exempt Lifetime ISA account holders from the withdrawal charge that can no longer purchase a house due to a significant change of personal circumstances.
Answer
Rachel BlakeThe Lifetime ISA is intended to support saving for a first home or later life, and the withdrawal charge helps ensure that Government support is used for those purposes. Introducing exemptions based on individual circumstances would undermine the LISA’s o...
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