Source · Select Committees · Treasury Committee
Recommendation 11
11
Accepted
Lifetime ISA target market data remains mixed, raising concerns about spending effectiveness.
Conclusion
Data concerning Lifetime ISA use by its target market is mixed and inconclusive. We are concerned that Lifetime ISA bonuses may involve significant spending of taxpayers’ money in a way that may not be precisely targeted. Without better quality data on Lifetime ISA holders, it is difficult to estimate the impact of the product across the income distribution. The findings from HMRC’s quantitative research should reveal insights into the demographic and savings profile of Lifetime ISA holders. Without these findings, we are unable to conclude whether the Lifetime ISA is helping its intended recipients. (Conclusion, Paragraph 96) 46
Government response summary AI-generated
The government states it already collects comprehensive data on LISAs, including published statistics and qualitative research, and has shared further data with the committee, which informs policy decisions and continuous review of the Lifetime ISA.
Government Response
The government responded to this report on 11 September 2025. No passage in that response could be matched to this conclusion. Read the response document ↗