Question follow-through · 3267
Individual Savings Accounts
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing early access penalty for lifetime ISAs from 25% to 20%.
About this written question
A written question asks a government minister for information in writing. Parliament publishes the question and any answer.
- Answering body
- Treasury
- Tabled
- 30 Aug 2024
- Target answer date
- 5 Sept 2024
- Answer
- 5 Sept 2024 · 6 calendar days after tabling
Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.
Recorded timeline
30 Aug 2024
Question tabled
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing early access penalty for lifetime ISAs from 25% to 20%.
5 Sept 2024
Target answer date
Date supplied by the official written-questions record.
5 Sept 2024
Answer published
The Lifetime ISA (LISA) was set up to help people build up savings for buying their first home, or 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 LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal ...
Official data retrieved 27 Sept 2026.
Later records
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