Allow pentalty-free withdrawals from Lifetime ISAs during the coronavirus.

Many people have savings locked away in a Lifetime ISA saving for their first homes and retirement. However, currently there is a 25% penalty for any withdrawals other than for those purposes. Freezing this penalty would help people to withdraw money to deal with the consequences of the Coronavirus

This petition closed on 7 Oct 2020 with 40 signatures


Reticulating Splines

You may be interested in these active petitions

1. Protect hares and their young from shooting during the breeding season - 33,669 signatures
2. Repeal the Coronavirus Act 2020 - 2,064 signatures
3. Transparency and Review of the free zones and ports impacts - 5,037 signatures
4. Launch a public inquiry into concerns about free speech in the UK - 2,079 signatures
5. Stop benefits and free healthcare for immigrants who have not worked in the UK - 4,685 signatures

The government is making lots of changes to help with the virus, but this would be a relatively easy move to help people. People shouldn't be penalised for withdrawing funds due to an unprecedented emergency.


Petition Signatures over time

Constituency Data

Reticulating Splines