Select Committee · Treasury Committee

Lifetime ISA

Status: Closed Opened: 6 Jan 2025 Closed: 11 Sep 2025 6 recommendations 9 conclusions 1 report

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.

Reports

1 report

Title	HC No.	Published	Items	Response
8th Report - Lifetime Individual Savings Account	HC 607	30 Jun 2025	15	Responded

Recommendations & Conclusions

1 item

9 Recommendation 8th Report - Lifetime Individual Saving… Accepted in Part

First property purchase offers unique opportunity to explain Lifetime ISA merits.

The moment at which people purchase their first property offers a singular opportunity for the Government and/or Lifetime ISA providers to explain the merits of the Lifetime ISA as a retirement savings vehicle. (Recommendation, Paragraph 88) Value for money for the Government

Government response. The government acknowledges the importance of messaging and commits to working with the industry to consider ways to improve communication about the Lifetime ISA's merits, despite having no direct contact with individuals.

HM Treasury

Oral evidence sessions

2 sessions

Date	Witnesses
23 Apr 2025	Emma Reynolds MP · Department for Environment Food and Rural Affairs, Laura Webster · HM Treasury	View ↗
26 Feb 2025	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	View ↗

Correspondence

10 letters

Date	Direction	Title
6 May 2025	—	Correspondence from HMRC on quantitative and qualitative research on Lifetime I…
22 Apr 2025	—	Correspondence from Skipton Building Society regarding Lifetime ISA data reques…
22 Apr 2025	—	Correspondence from the Chair to Skipton Building Society regarding Lifetime IS…
22 Apr 2025	—	Correspondence from Hargreaves Lansdown regarding Lifetime ISA data request, da…
22 Apr 2025	—	Correspondence from the Chair to Hargreaves Lansdown regarding Lifetime ISA dat…
22 Apr 2025	—	Correspondence from Moneybox regarding Lifetime ISA data request, dated 9 April…
22 Apr 2025	—	Correspondence from Moneybox regarding Lifetime ISA data request, dated 21 Marc…
22 Apr 2025	—	Correspondence from the Chair to Moneybox regarding Lifetime ISA data request, …
22 Apr 2025	—	Correspondence from HM Revenue and Customs regarding Lifetime ISA data request,…
22 Apr 2025	—	Correspondence from the Chair to HM Revenue and Customs regarding Lifetime ISA …