Individual Savings Accounts
(asked on 10th July 2019) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many people have invested in a Lifetime ISA since its introduction.
This question was answered on 18th July 2019
The Lifetime ISA was introduced to help younger generations save both for their first home and later life. It has been available since April 2017. Individuals can subscribe up to £4,000 a year into a Lifetime ISA, receiving a 25% government bonus.
Since its introduction, monthly digital reporting to HMRC by Lifetime ISA providers indicate that over 330,000 people have invested in a Lifetime ISA.