Source · Select Committees · Treasury Committee
Recommendation 8
8
Acknowledged
Consider self-employed interests in any future ISA market reforms due to historically low savings.
Conclusion
The available evidence indicates that saving for retirement with a Lifetime ISA is working well for self-employed people. Any Government reforms to the ISA market must take the interests of the self-employed into account, because self-employed people have historically achieved low levels of retirement saving. (Conclusion, Paragraph 87)
Government Response Summary
The Government recognises the importance of the Lifetime ISA and is publishing two pieces of externally commissioned research on GOV.UK to further improve our understanding of how the LISA is used.
Government Response
Acknowledged
HM Government
Acknowledged
The Government recognises the importance of the Lifetime ISA in supporting people to achieve the aspiration of home ownership, or to build up savings for later life. To further improve our understanding of how the LISA is used, HMRC is today publishing two pieces of externally commissioned research, which can be found on GOV.UK.