Written Question·Treasury·UIN 191896
Individual Savings Accounts: Fees and Charges
Tabled: 30 June 2023
Answered: 5 July 2023
Question
Andrew Rosindell
Reform UK — Romford
To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty.
Answer
Andrew GriffithThe LISA is designed to support people to achieve the aspiration of homeownership, or to build up savings for their later life. LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of te...
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