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
Clear

Recommendations

1 results
14 Rejected
Treat Lifetime ISA savings equally to other pension products within Universal Credit means testing.
Recommendation
If the Government wants to encourage long-term saving for retirement through Lifetime ISAs, it must treat the savings in a Lifetime ISA in the same way as other pension savings products as part of the Universal Credit means test. (Recommendation, … Read more
Government Response Summary
The government rejects the recommendation to treat Lifetime ISA savings like other pension products for Universal Credit, stating it is a savings product that counts towards capital calculations for UC eligibility, with a rationale for targeting support.
HM Treasury
View Details