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

Recommendations

1 result

14 Rejected

Treat Lifetime ISA savings equally to other pension products within Universal Credit means testing.

Recommendation

If the Government wants to encourage long-term saving for retirement through Lifetime ISAs, it must treat the savings in a Lifetime ISA in the same way as other pension savings products as part of the Universal Credit means test. (Recommendation, … Read more

Government Response Summary

The government rejects the recommendation to treat Lifetime ISA savings like other pension products for Universal Credit, stating it is a savings product that counts towards capital calculations for UC eligibility, with a rationale for targeting support.

HM Treasury

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