Source · Select Committees · Treasury Committee
Recommendation 5
5
Accepted
Analyse Lifetime ISA effectiveness to support first-time buyers before increasing the house price cap.
Recommendation
The house price cap for the Lifetime ISA ensures that Government spending supports those who need financial assistance the most. Any increase in the price cap is an increase in Government spending. Before considering any increase in the house price cap, the Government must analyse whether the Lifetime ISA is the most effective way in which to spend taxpayers’ money to support first-time buyers. (Conclusion, Paragraph 65) 45 Retirement saving with the Lifetime ISA
Government response summary AI-generated
The government defends the current Lifetime ISA property price cap as well-targeted for first-time buyers and states that its comprehensive data collection and research continuously inform policy decisions, thereby inherently analysing effectiveness.
Government Response
The government responded to this report on 11 September 2025. No passage in that response could be matched to this recommendation. Read the response document ↗