Individual Savings Accounts
Commons · Question 50101 · Tabled 6 May 2025 · Treasury · Official record
Answered 13 May 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what estimate she has made of the annual cost to the Exchequer of the Lifetime ISA in terms of (a) reduced tax revenue and (b) value paid bonus payments in (i) 2024-25 and (ii) 2025-26.
Answer
Answered by Emma Reynolds, 13 May 2025
The cost of the tax relief element of the Lifetime ISA is included within tax relief cost of all ISAs, which can be found in the Non-structural tax relief statistics publication, specifically table 5.16. A forecast of estimated bonus paid is published wit...