Individual Savings Accounts
The question
To ask the Chancellor of the Exchequer, whether she plans to collect regional data on the use of the Lifetime ISA.
Answered by Lucy Rigby
While HMRC does collect data on regional breakdown of Lifetime ISA account holders, the data quality is not sufficient to provide accurate regional breakdowns or produce statistics.
In HMRC’s response to the recent Treasury Select Committee’s LISA enquiry (link), a regional breakdown was provided of where homes were bought using LISA’s:
HMRC LISA enquiry response - Tables 1, 2 and 3.
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