Individual Savings Accounts: Young People
(asked on 13th October 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the barriers faced by young people in accessing the Lifetime ISA.
This question was answered on 21st October 2025
The Lifetime ISA encourages younger people to save towards later life at the same time as being able to save for their first home. The Lifetime ISA is open to all UK residents of the UK aged 18 or over and is offered by a range of providers.
As of 2023/24, there were over 1.3 million LISA accounts open and, since its introduction in 2017, the LISA has helped 227,600 people purchase their first property.