Individual Savings Accounts
Commons · Question 15092 · Tabled 1 Jul 2026 · Treasury · Official record
Answered 7 Jul 2026
Question
Asked by Euan Stainbank
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
Answered by Rachel Blake, 7 Jul 2026
The 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...