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1082272

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	228624
	answer	answer is ministerial correction date of answer 11/03/2019 answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:11:56 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

708436

	registered interest
	date	06/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the Lifetime ISA policy on the number of people opting out of auto-enrolment into pension schemes in the 12 months following its commencement in April 2017.
	tabling member constituency	Stockton North
	tabling member printed	Alex Cunningham
	uin	66582
	answer	answer is ministerial correction date of answer 09/03/2017 answer text <p>The Government is fully committed to automatic enrolment and has always been clear that the Lifetime ISA is a complement to pension saving, not a replacement.</p><p> </p><p>The impact assessment of the Savings (Government Contributions) Act 2017, based on the independent OBR certified costing note, is clear that we do not assume anybody opts out of their automatically enrolled pension to save into a Lifetime ISA.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 09/03/2017 10:45:19 answering member 3918 label Biography information for Jane Ellison
	tabling member	4122 label Biography information for Alex Cunningham

715572

	registered interest
	date	30/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of financial providers that will be offering the Lifetime ISA, as announced in Budget 2016, on the launch date of 6 April 2017.
	tabling member constituency	High Peak
	tabling member printed	Andrew Bingham
	uin	70200
	answer	answer is ministerial correction date of answer 24/04/2017 answer text <p>At launch, there were five providers offering the Lifetime ISA. Other providers have announced their intention to offer the Lifetime ISA, including the first cash provider.</p><p> </p><p>The Government anticipates that the market will continue to grow over the course of the year as providers put their systems in place and develop their products.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 24/04/2017 11:31:19 answering member 3918 label Biography information for Jane Ellison
	tabling member	3994 label Biography information for Andrew Bingham

800412

	registered interest
	date	04/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their estimate of the number of people aged (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and for each age group, what is the average holding.
	tabling member printed	Baroness Altmann
	uin	HL3799
	answer	answer is ministerial correction date of answer 13/12/2017 answer text <p>The number of people over 65 who own ISAs and their average value is set out in the table below.</p><table><tbody><tr><td colspan="2"><p>Numbers: thousands</p></td></tr><tr><td><p>Age</p></td><td><p>Number of ISA holders</p></td><td><p>Average ISA Market Values</p></td></tr><tr><td><p>65 and over</p></td><td><p>6,353</p></td><td><p>£38,859</p></td></tr></tbody></table><p> </p><p>This information is taken from HMRC Individual Savings Account (ISA) statistics which is available on Gov.uk</p><p> </p><p> </p><p>The number of people who hold ISA in the age bands (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and the average holding is set out in the table below.</p><p> </p><p> </p><table><tbody><tr><td colspan="2"><p>ISA Holders</p></td><td><p>Numbers: thousands</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p> </p></td><td><p>Age</p></td><td><p>Total Number of ISA holders</p></td><td><p>Average ISA Market Values</p></td></tr><tr><td><p> </p></td><td><p>50-59</p></td><td><p>4,052</p></td><td><p>£22,406</p></td></tr><tr><td><p> </p></td><td><p>60-69</p></td><td><p>4,017</p></td><td><p>£34,409</p></td></tr><tr><td><p> </p></td><td><p>70-79</p></td><td><p>2,670</p></td><td><p>£39,484</p></td></tr><tr><td><p> </p></td><td><p>80-89</p></td><td><p>1,362</p></td><td><p>£40,373</p></td></tr><tr><td><p> </p></td><td><p>90 and over</p></td><td><p>256</p></td><td><p>£40,097</p></td></tr><tr><td><p> </p></td><td><p>Total<sub>1</sub></p></td><td><p>21,575</p></td><td><p>£22,387</p></td></tr><tr><td colspan="2"><p>Footnotes</p></td></tr><tr><td colspan="6"><p><sup>1</sup> Total is for all ages, including those not shown in the table.</p></td></tr></tbody></table> answering member printed Lord Bates grouped question UIN HL3800 question first answered 13/12/2017 16:51:00 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann

800413

	registered interest
	date	04/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their estimate of the number of people aged over 65 who own ISAs; and what is the average value of their holdings.
	tabling member printed	Baroness Altmann
	uin	HL3800
	answer	answer is ministerial correction date of answer 13/12/2017 answer text <p>The number of people over 65 who own ISAs and their average value is set out in the table below.</p><table><tbody><tr><td colspan="2"><p>Numbers: thousands</p></td></tr><tr><td><p>Age</p></td><td><p>Number of ISA holders</p></td><td><p>Average ISA Market Values</p></td></tr><tr><td><p>65 and over</p></td><td><p>6,353</p></td><td><p>£38,859</p></td></tr></tbody></table><p> </p><p>This information is taken from HMRC Individual Savings Account (ISA) statistics which is available on Gov.uk</p><p> </p><p> </p><p>The number of people who hold ISA in the age bands (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and the average holding is set out in the table below.</p><p> </p><p> </p><table><tbody><tr><td colspan="2"><p>ISA Holders</p></td><td><p>Numbers: thousands</p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p> </p></td><td><p>Age</p></td><td><p>Total Number of ISA holders</p></td><td><p>Average ISA Market Values</p></td></tr><tr><td><p> </p></td><td><p>50-59</p></td><td><p>4,052</p></td><td><p>£22,406</p></td></tr><tr><td><p> </p></td><td><p>60-69</p></td><td><p>4,017</p></td><td><p>£34,409</p></td></tr><tr><td><p> </p></td><td><p>70-79</p></td><td><p>2,670</p></td><td><p>£39,484</p></td></tr><tr><td><p> </p></td><td><p>80-89</p></td><td><p>1,362</p></td><td><p>£40,373</p></td></tr><tr><td><p> </p></td><td><p>90 and over</p></td><td><p>256</p></td><td><p>£40,097</p></td></tr><tr><td><p> </p></td><td><p>Total<sub>1</sub></p></td><td><p>21,575</p></td><td><p>£22,387</p></td></tr><tr><td colspan="2"><p>Footnotes</p></td></tr><tr><td colspan="6"><p><sup>1</sup> Total is for all ages, including those not shown in the table.</p></td></tr></tbody></table> answering member printed Lord Bates grouped question UIN HL3799 question first answered 13/12/2017 16:51:00 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann

988874

	registered interest
	date	16/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much has the Government invested in Help to Buy ISA bonuses since the introduction of that scheme.
	tabling member constituency	Southport
	tabling member printed	Damien Moore
	uin	180305
	answer	answer is ministerial correction date of answer 23/10/2018 answer text <p>From the Help to Buy: ISA’s launch in 1 December 2015 till 31 March 2018, the Government has paid out over 196,000 bonus payments with a total of £157 million in bonus payments.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/10/2018 09:32:08 answering member 4051 label Biography information for John Glen
	tabling member	4669 label Biography information for Damien Moore

720256

	registered interest
	date	13/04/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the Government plans to encourage high street banks to offer the Lifetime ISA.
	tabling member constituency	Sittingbourne and Sheppey
	tabling member printed	Gordon Henderson
	uin	70964
	answer	answer is ministerial correction date of answer 24/04/2017 answer text <p>Ultimately, the decision to offer the Lifetime ISA is for individual providers to make.</p><p> </p><p>The Government anticipates that the market will continue to grow over the course of the year as providers put their systems in place and develop their products.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 24/04/2017 14:11:31 answering member 3918 label Biography information for Jane Ellison
	tabling member	4050 label Biography information for Gordon Henderson

479518

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many people he assumed would use the Lifetime ISA in order to estimate the cost to the Exchequer of that policy.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	31698
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>The Lifetime ISA is a voluntary product. For further information on the costing of this policy, please see page 9 of the Budget 2015 Policy Costings document: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf</a></p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 22/03/2016 16:48:18 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	1484 label Biography information for Helen Goodman

381123

	registered interest
	date	15/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to introduce a Green ISA scheme to encourage public engagement with, and inject capital into, the green economy.
	tabling member constituency	Stafford
	tabling member printed	Jeremy Lefroy
	uin	2408
	answer	answer is ministerial correction date of answer 18/06/2015 answer text <table><tbody><tr><td colspan="5">The government currently has no plans to introduce a new Green ISA scheme. However, individuals can already invest in green products using the existing ISA structure as we have expanded ISA eligible investments to include a wider range of products such as AIM shares and soon, peer-to-peer loans.</td><td> </td></tr></tbody></table><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 18/06/2015 12:08:39 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4109 label Biography information for Jeremy Lefroy

518387

	registered interest
	date	10/05/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when Lifetime ISAs will be available to the public.
	tabling member constituency	Solihull
	tabling member printed	Julian Knight
	uin	36953
	answer	answer is ministerial correction date of answer 12/05/2016 answer text <p>The new Lifetime ISA will provide savers with the flexibility to save towards a first home and retirement at the same time.</p><p> </p><p>From April 2017, people aged 18 to 40 will be able to save up to £4,000 each year into a Lifetime ISA and receive a 25% bonus from the Government.</p><p> </p><p>The Government is engaging with the industry on the detail of implementation, regulation and advice on the Lifetime ISA. Further details will be announced when the Government brings forward legislation to enact the Lifetime ISA in the autumn.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 36954 question first answered 12/05/2016 07:26:10 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4410 label Biography information for Julian Knight