Lifetime ISA

Treasury Committee Closed Inquiry
Opened: 6 Jan 2025 Closed: 11 Sep 2025 Parliament page
The Treasury Committee is inquiring into whether the Lifetime Individual Savings Account (LISA) is still an appropriate financial product nine years after it was created. Read the call for evidence to find out more about this inquiry.
6 Recommendations
9 Conclusions
1 Report
2 Oral sessions
10 Letters
3 Events
Activity timeline 17 events
11 Sep
2025
Report published
30 Jun
2025
Report published
6 May
2025
Correspondence
6 May
2025
Formal meeting (private meeting) · The Wilson Room, Portcullis House
23 Apr
2025
Oral evidence
23 Apr
2025
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
22 Apr
2025
Correspondence
22 Apr
2025
Correspondence
22 Apr
2025
Correspondence
22 Apr
2025
Correspondence
22 Apr
2025
Correspondence
22 Apr
2025
Correspondence
Oral evidence sessions 2 sessions
23 Apr 2025
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Emma Reynolds MP · Department for Environment Food and Rural Affairs Laura Webster · HM Treasury
26 Feb 2025
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Lifetime ISA
Anne Fairweather, Head of Government Affairs and Public Policy at Hargreaves Lansdown Brian Byrnes, Head of Personal Finance at Moneybox Charlotte Harrison, Chief Executive of Home Financing at Skipton Building Society Funmi Olufunwa, Finance Expert and Founder of Hoops Finance Martin Lewis, Founder and Executive Chair of Money Saving Expert Michael Johnson, Research Fellow Richard Stone, Chief Executive at the Association of Investment Companies
Title HC No. Published Items Response
8th Report - Lifetime Individual Savings Account HC 607 30 Jun 2025 15 Responded
Recommendations & Conclusions
1 result
Clear
13 Conclusion Not Addressed
8th Report - Lifetime Individual S…
Inconsistency identified in Lifetime ISA treatment within Universal Credit eligibility assessments.
The Government’s argument that the LISA should be included within a Universal Credit eligibility assessment because the Government has contributed to the balance within the LISA is inconsistent. The Government provides higher levels of contribution through tax relief to many … Read more
Government Response
The government reiterates that the Lifetime ISA is treated as a savings product for Universal Credit purposes and explains its capital limit policy, but does not directly address the committee's specific criticism about the inconsistency of treatment compared to other pension products.
HM Treasury
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Government Response AI assessment · 15 of 6 classified
Accepted 6
Accepted in Part 1
Acknowledged 4
Deferred 2
Not Addressed 1
Rejected 1
Total 6 recs + 9 conclusions
Correspondence 10 letters
6 May 2025 Correspondence from HMRC on quantitative and qualitative research on Lifetime ISA, dated 30 April 2025
Parliament page
22 Apr 2025 Correspondence from Skipton Building Society regarding Lifetime ISA data request, dated 14 April 2025
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22 Apr 2025 Correspondence from the Chair to Skipton Building Society regarding Lifetime ISA data request, dated 6 March 2025
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22 Apr 2025 Correspondence from Hargreaves Lansdown regarding Lifetime ISA data request, dated 8 April 2025
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22 Apr 2025 Correspondence from the Chair to Hargreaves Lansdown regarding Lifetime ISA data request, dated 6 March 2025
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22 Apr 2025 Correspondence from Moneybox regarding Lifetime ISA data request, dated 9 April 2025
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22 Apr 2025 Correspondence from Moneybox regarding Lifetime ISA data request, dated 21 March 2025
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22 Apr 2025 Correspondence from the Chair to Moneybox regarding Lifetime ISA data request, dated 6 March 2025
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22 Apr 2025 Correspondence from HM Revenue and Customs regarding Lifetime ISA data request, dated 9 April 2025
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22 Apr 2025 Correspondence from the Chair to HM Revenue and Customs regarding Lifetime ISA data request, dated 25 March 2025
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