VerbatimParliament, as it happens

Individual Savings Accounts: Fees and Charges

Asked by James McMurdockIndependentTreasuryTabled Answered 15 September 2025UIN 76541

The question

To ask the Chancellor of the Exchequer, what estimate she has made of the number of Lifetime ISA holders that have paid a withdrawal penalty in each of the last five years.

Answered by Lucy Rigby

The number of Lifetime ISA holders who have made an unauthorised withdrawal and hence, paid a withdrawal penalty for tax years 2020/21 to 2023/24 is available in the Annual Savings Statistics publication, specifically in the Lifetime Individual Savings Accounts Tables 1a.

The figures for tax year 2024/25 will be released in the 2025 Annual Savings Statistics publication on 18th September 2025.

Link:

https://assets.publishing.service.gov.uk/media/66ed20d8c8398625c331e80c/Lifetime_Individual_Savings_Account_Tables_2024.ods

Annual savings statistics - Official statistics announcement - GOV.UK

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