Source · Select Committees · Treasury Committee
Recommendation 15
15
Include warnings on Lifetime ISA products about inferiority for potential Universal Credit claimants.
Recommendation
If the Government is unwilling to equalise the treatment of the Lifetime ISA with other Government-subsidised retirement savings products in Universal Credit assessments, Lifetime ISA products must include warnings that the Lifetime ISA is an inferior product for anyone who might one day be in receipt of Universal Credit. Such warnings would guard against savers being sold products that are not in their best financial interests, which might well constitute mis-selling. (Recommendation, Paragraph 107) 47
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 ↗