Source · Select Committees · Treasury Committee
Recommendation 3
3
Increasing Lifetime ISA unauthorised withdrawals and charges suggest the product is not working as intended.
Conclusion
An increasing number of people are making unauthorised withdrawals and incurring the withdrawal charge, which may indicate that the Lifetime ISA is not working as intended. (Conclusion, Paragraph 33)
Government Response
A response document is linked to this report, dated 11 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗