Source · Select Committees · Treasury Committee

8th Report - Lifetime Individual Savings Account

Treasury Committee HC 607 Published 30 June 2025

Report Status

Government responded

Conclusions & Recommendations

15 items (6 recs)

Source

View on Parliament website ↗

Government Response

AI assessment · 15 of 15 classified

Accepted 6

Accepted in Part 1

Acknowledged 4

Deferred 2

Not Addressed 1

Rejected 1

Government response

3rd Special Report - Lifetime Individual Savings Account: Government Response · published 11 Sep 2025

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

13 Conclusion Not Addressed

Inconsistency identified in Lifetime ISA treatment within Universal Credit eligibility assessments.

Conclusion

The Government’s argument that the LISA should be included within a Universal Credit eligibility assessment because the Government has contributed to the balance within the LISA is inconsistent. The Government provides higher levels of contribution through tax relief to many … Read more

Government Response Summary

The government reiterates that the Lifetime ISA is treated as a savings product for Universal Credit purposes and explains its capital limit policy, but does not directly address the committee's specific criticism about the inconsistency of treatment compared to other pension products.

HM Treasury

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