Individual Savings Accounts

Treasury written question – answered at on 17 December 2024.

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Photo of Ashley Dalton Ashley Dalton Labour, West Lancashire

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of adjusting the Lifetime ISA property price cap in line with (a) inflation and (b) average house prices.

Photo of Tulip Siddiq Tulip Siddiq The Economic Secretary to the Treasury

Data from the latest UK House Price Index(opens in a new tab) shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.

The Government keeps all aspects of savings tax policy under review.

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