Individual Savings Accounts: Housing
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of the upper limit of house prices for which the Lifetime Individual Savings Account can be used without incurring a penalty.
Answered by Emma Reynolds
Data from the latest UK House Price Index 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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