LISA0172

Written evidence submitted by Anonymous

Lifetime ISA Consultation

1.Is the Lifetime ISA fit for purpose in its current design, including as a combined product for house purchase and pension saving?  Yes

2. How well do consumers transition between using the Lifetime ISA as a product for house purchase, to then a product for pension saving?  

Given its policy purposes, is the Lifetime ISA value for money for the Government? Yes

3. Is the Lifetime ISA a suitable pension savings product? Yes

4. Should the Lifetime ISA be abolished? No

5. ⁠Should the Lifetime ISA be reformed to remove the withdrawal penalty? No

6. ⁠Should the Lifetime ISA be restricted to those with no access to a workplace pension? No

7. ⁠Should the Lifetime ISA house price cap be raised in line with inflation, or removed? Remove the price cap

8. Should the annual Lifetime ISA limit be raised from £4,000? Yes

9. ⁠Should the Lifetime ISA be reformed in any other way? No

February 2025