Help to Buy Scheme
(asked on 4th July 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the projected annual cost is of bonuses due to holders of Help-to-Buy and Lifetime ISAs for each financial year from 2017-18 onwards.
This question was answered on 11th July 2017
An update to the costings for the Help to Buy: ISA can be found in the supporting documents to the Autumn Statement 2016. The expected cost of the government bonus payments through the Help to Buy: ISA is £1.2 billion from 2016-17 to 2019-20.
The expected cost of government bonus payments through the Lifetime ISA is as follows:
£170m in 2017/18
£330m in 2018/19
£580m in 2019/20
£830m in 2020/21