Individual Savings Accounts
Commons · Question 49527 · Tabled 30 Apr 2025 · Treasury · Official record
Answered 12 May 2025
Question
Asked by Pippa Heylings
To ask the Chancellor of the Exchequer, whether her Department has considered changing the withdrawal percentage for Lifetime ISAs.
Answer
Answered by Emma Reynolds, 12 May 2025
The Lifetime ISA (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 LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in...