Lifetime ISA £450,000 cap

Roedd y cais yn llwyddiannus.

Dear Her Majesty's Treasury,

Since the Lifetime ISA scheme was launched, data from the UK House Price Index shows that house prices have increased by 23% over this period, yet the cap for the Lifetime ISA scheme has remain unchanged at £450,000.

Please can you advise what the basis was for using £450,000 as the cap for the scheme and what considerations were made in the decision not to increase this cap over time as a result of house price inflation?

Yours faithfully,

Mr T. Francis

FOI Requests, HM Treasury

Our ref: FOI2022/07996

Dear T Francis,

Thank you for your request for information which we are considering under
the terms of the Freedom of Information Act 2000.

This is to confirm receipt of your request and to let you know that it is
receiving attention. If you have any enquiries regarding your request do
not hesitate to contact us.

Please note: HM Treasury has a dedicated email address for the public to
make Freedom of Information requests: [email address]

Yours sincerely

Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury

References

Visible links
1. http://www.gov.uk/hm-treasury

FOI Requests, HM Treasury

1 Atodiad

Dear T Francis

Please find attached a response to your recent FOI request.

Yours sincerely

Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury

References

Visible links
1. http://www.gov.uk/hm-treasury