8th Report - Lifetime Individual Savings Account

Select Committee
Treasury Committee HC 607 30 June 2025
Report Status Government responded
Conclusions & Recommendations 15 items (6 recs)
Source View on Parliament website
Government Response (AI assessment · 15 of 15 classified)
Accepted 6
Accepted in Part 1
Acknowledged 4
Deferred 2
Not Addressed 1
Rejected 1
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13 Conclusion Not Addressed
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 other pension products that are not included in the Universal …
Government Response Summary
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.
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