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Individual Savings Accounts

Question for HM Treasury

UIN 33963, tabled on 14 April 2016

To ask Mr Chancellor of the Exchequer, whether his Department plans to cap charges on equity investment lifetime ISAs.

Answered on

21 April 2016

The new Lifetime ISA will provide savers with the flexibility to save towards a first home and retirement at the same time.

From April 2017, people aged 18 to 40 will be able to save up to £4,000 each year into a Lifetime ISA and receive a 25% bonus from the Government.

The Government is engaging with the industry on the detail of implementation and regulation of the Lifetime ISA. Further details will be announced when the Government brings forward legislation to enact the Lifetime ISA in the autumn.

Answered by

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