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1700075

	registered interest
	date	12/04/2024
	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, whether he plans to increase the Lifetime ISA cap.
	tabling member constituency	Mitcham and Morden
	tabling member printed	Dame Siobhain McDonagh
	uin	20850
	answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>The Government keeps all aspects of the savings tax regime, including the merits of increasing the LISA property value limit, under review.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 22/04/2024 13:09:40 answering member 4639 label Biography information for Bim Afolami
	tabling member	193 label Biography information for Dame Siobhain McDonagh

1697670

	registered interest
	date	20/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what is the timetable for the launch of the British ISA announced by the Chancellor of the Exchequer in the Budget Statement on 6 March.
	tabling member printed	Lord Kempsell
	uin	HL3462
	answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>At Spring Budget 2024, the Chancellor announced the creation of a UK ISA. Alongside this, the Government published a consultation seeking responses on the policy design and implementation. The consultation closes on 6<sup>th</sup> June 2024, after which we will consider responses and next steps.</p> answering member printed Baroness Vere of Norbiton question first answered 28/03/2024 12:47:20 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4988 label Biography information for Lord Kempsell

1694798

	registered interest
	date	08/03/2024
	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, if he will allow fractional shares to be included in ISAs.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	17760
	answer	answer is ministerial correction date of answer 14/03/2024 answer text <p>The government is committed to ensuring people have the opportunity to invest in a diverse range of investment types through their ISAs. As announced at Autumn Statement 2023 and confirmed at Spring Budget 2024, this includes certain fractional share contracts.</p><p>The government is working as quickly as possible to bring forward legislation to include certain fractional share contracts in ISAs by the end of the summer following detailed engagement with industry and the FCA.</p><p>The government is also consulting on the design and implementation of the UK ISA, including eligible investments, and welcomes responses from stakeholders before the deadline of 6th June.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 17761 17762 17763 question first answered 14/03/2024 15:41:13 answering member 4639 label Biography information for Bim Afolami
	tabling member	4866 label Biography information for Alexander Stafford

1694799

	registered interest
	date	08/03/2024
	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, if he will take steps to allow fractional shares to be included in the new British ISA.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	17761
	answer	answer is ministerial correction date of answer 14/03/2024 answer text <p>The government is committed to ensuring people have the opportunity to invest in a diverse range of investment types through their ISAs. As announced at Autumn Statement 2023 and confirmed at Spring Budget 2024, this includes certain fractional share contracts.</p><p>The government is working as quickly as possible to bring forward legislation to include certain fractional share contracts in ISAs by the end of the summer following detailed engagement with industry and the FCA.</p><p>The government is also consulting on the design and implementation of the UK ISA, including eligible investments, and welcomes responses from stakeholders before the deadline of 6th June.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 17760 17762 17763 question first answered 14/03/2024 15:41:14 answering member 4639 label Biography information for Bim Afolami
	tabling member	4866 label Biography information for Alexander Stafford

1694801

	registered interest
	date	08/03/2024
	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, whether he has had recent discussions with the Financial Conduct Authority on including fractional shares in ISAs.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	17763
	answer	answer is ministerial correction date of answer 14/03/2024 answer text <p>The government is committed to ensuring people have the opportunity to invest in a diverse range of investment types through their ISAs. As announced at Autumn Statement 2023 and confirmed at Spring Budget 2024, this includes certain fractional share contracts.</p><p>The government is working as quickly as possible to bring forward legislation to include certain fractional share contracts in ISAs by the end of the summer following detailed engagement with industry and the FCA.</p><p>The government is also consulting on the design and implementation of the UK ISA, including eligible investments, and welcomes responses from stakeholders before the deadline of 6th June.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 17760 17761 17762 question first answered 14/03/2024 15:41:14 answering member 4639 label Biography information for Bim Afolami
	tabling member	4866 label Biography information for Alexander Stafford

1686493

	registered interest
	date	31/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what guidance HMRC provides concerning whether fractional shares may be held in individual savings accounts; and whether they have made any assessment of any discrepancy between (1) such guidance, and (2) the contents of the Autumn Statement, guidance from the Financial Conduct Authority, and the consensus of the investment community.
	tabling member printed	Lord Cromwell
	uin	HL2068
	answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>At Autumn Statement 2023, the Government announced its intention to permit certain fractional shares contracts to be eligible ISA investments. This requires a change to the ISA Regulations and ISA manager’s guidance to define those eligible investments for ISA purposes.</p><p> </p><p>Government has considered the Financial Conduct Authority’s initial position towards fractional shares, the position of the small number of firms offering them, and the view of the wider market.</p><p> </p><p>Further information will be available in due course.</p><p> </p> answering member printed Baroness Vere of Norbiton grouped question UIN HL2069 question first answered 13/02/2024 17:04:00 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	2594 label Biography information for Lord Cromwell

1686494

	registered interest
	date	31/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government whether they intend to clarify before April 2024 whether fractional shares may be included in individuals savings accounts.
	tabling member printed	Lord Cromwell
	uin	HL2069
	answer	answer is ministerial correction date of answer 13/02/2024 answer text <p>At Autumn Statement 2023, the Government announced its intention to permit certain fractional shares contracts to be eligible ISA investments. This requires a change to the ISA Regulations and ISA manager’s guidance to define those eligible investments for ISA purposes.</p><p> </p><p>Government has considered the Financial Conduct Authority’s initial position towards fractional shares, the position of the small number of firms offering them, and the view of the wider market.</p><p> </p><p>Further information will be available in due course.</p><p> </p> answering member printed Baroness Vere of Norbiton grouped question UIN HL2068 question first answered 13/02/2024 17:04:00 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	2594 label Biography information for Lord Cromwell

1685354

	registered interest
	date	26/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government whether any amendment to individual savings account (ISA) regulations is necessary in respect of fractional shares; and if this is the case, what is the timeline to amend ISA regulations in order to enable fractional shares to be included in ISAs.
	tabling member printed	Lord Cromwell
	uin	HL1955
	answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>At Autumn Statement 2023, the Government announced its intention to permit certain fractional shares contracts as eligible ISA investments and committed to engage with stakeholders on implementation. HMT and HMRC officials have met with industry stakeholders and the FCA to understand how to define qualifying ‘fractional shares contracts’ for the purposes of ISA regulations. This work continues to progress at pace, with an expectation to legislate at the earliest opportunity.</p> answering member printed Baroness Vere of Norbiton question first answered 08/02/2024 12:16:40 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	2594 label Biography information for Lord Cromwell

1684825

	registered interest
	date	24/01/2024
	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, whether his Department plans to (a) equalise and (b) increase the Lifetime ISA and Help-to-Buy ISA property price thresholds.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11274
	answer	answer is ministerial correction date of answer 31/01/2024 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p>While the Government will continue to monitor the situation, it currently remains of the view that the property price cap for the Lifetime ISA and Help to Buy ISA is set at an appropriate level to support most first-time buyers across the UK while targeting households that may find it most difficult to get onto the property ladder.</p><p>Data from the latest <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flandregistry.data.gov.uk%2Fapp%2Fukhpi%2Fbrowse%3Ffrom%3D2022-08-01%26location%3Dhttp%253A%252F%252Flandregistry.data.gov.uk%252Fid%252Fregion%252Fsouth-east%26to%3D2023-12-01%26lang%3Den&amp;data=05%7C02%7CJyothi.Chapman%40hmtreasury.gov.uk%7C673151afe4804e6b16b308dc1dc2dca5%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638417969960891136%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=t5fbnmbNb4ZzDKtafFFzWgP6dFa0KNEGufHcJ100Y0A%3D&amp;reserved=0" target="_blank">UK House Price Index</a> demonstrates that the average price paid by first-time buyers is below the LISA property price cap in all regions of the UK.</p><p>The Government keeps all aspects of savings tax policy under review, and considers all representations made carefully, with any changes made as part of the Budget process.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 31/01/2024 13:18:16 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1679857

	registered interest
	date	05/01/2024
	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, if his Department will make an assessment of the potential merits of increasing the Lifetime ISA cap in line with increases in house prices since April 2017.
	tabling member constituency	Putney
	tabling member printed	Fleur Anderson
	uin	8212
	answer	answer is ministerial correction date of answer 11/01/2024 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>If you are referring to the Lifetime ISA property price cap, the Government currently remains of the view that the Lifetime ISA property price cap is set at an appropriate level to support most first-time buyers across the UK while targeting households that may find it most difficult to get onto the property ladder.</p><p> </p><p>Data from the <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flandregistry.data.gov.uk%2Fapp%2Fukhpi%2Fbrowse%3Ffrom%3D2022-08-01%26location%3Dhttp%253A%252F%252Flandregistry.data.gov.uk%252Fid%252Fregion%252Fsouth-east%26to%3D2023-12-01%26lang%3Den&amp;data=05%7C02%7CEnzo.Salini%40hmtreasury.gov.uk%7C98416fb0c9be4ee7295608dc07965bcf%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638393589568797835%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=w%2BBWrU11XHZWa9srHzQs4W445qpJilg2ujikHRXRBEg%3D&amp;reserved=0" target="_blank">latest UK House Price Index</a> demonstrates that the average price paid by first-time buyers is below the LISA property price cap in all regions of the UK.</p><p> </p><p>The Government keeps all aspects of savings tax policy under review and considers all representations made carefully, with any changes made as part of the Budget process.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 11/01/2024 17:00:58 answering member 4639 label Biography information for Bim Afolami
	tabling member	4788 label Biography information for Fleur Anderson