Individual Savings Accounts: Universal Credit
(asked on 27th April 2023) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, when will he implement the announcement made by the Government in June 2022 to exempt Lifetime ISAs from Universal Credit capital rules.
This question was answered on 10th May 2023
The Department continues to support citizens into homeownership, including those on Universal Credit who currently have access to a generous Help to Save scheme, which tops up their savings by 50 per cent and can be used towards a mortgage.
We are continuing to work on the issue of Lifetime ISAs.