Universal Credit: Individual Savings Accounts
Commons · Question 46426 · Tabled 17 Apr 2025 · Department for Work and Pensions · Official record
Answered 23 Apr 2025
Question
Asked by Scott Arthur
To ask the Secretary of State for Work and Pensions, whether she has considered exempting Lifetime ISAs from Universal Credit capital rules.
Answer
Answered by Sir Stephen Timms, 23 Apr 2025
There are no plans to change the way savings held in a Lifetime ISA are treated in the assessment of Universal Credit. It is appropriate that means tested benefits, including Universal Credit, take all forms of savings into account. This includes investme...