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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

973357

registered interest
date	13/09/2018
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, pursuant to the Answer of 16 July 2018 to Question 162093 on Individual Savings Accounts, whether the data for the first quarter of 2018-19 is available for publication.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	174737
answer	answer is ministerial correction date of answer 15/10/2018 answer text <p>HM Revenue and Customs (HMRC) has not received any withdrawal charges from Lifetime Individual Saving Accounts (LISA). The functionality to receive these charges is expected to be in place by spring 2019. In the meantime, LISA providers are deducting the appropriate withdrawal charges as required and holding the funds, pending the roll out of the collection functionality.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2018 14:00:37 answering member 4051 label Biography information for John Glen
tabling member	4418 label Biography information for Justin Madders

937556

registered interest
date	09/07/2018
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 many people have paid a penalty charge for the withdrawal of money from a Lifetime ISA; and how much has been accrued to the public purse as a result of those penalty charges.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	162093
answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>During the first financial year 2017/18 there was no unauthorised withdrawal charge in place. The data for 2018/19 is not yet available, but HMRC will publish it in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/07/2018 09:41:28 answering member 4051 label Biography information for John Glen
tabling member	4418 label Biography information for Justin Madders

900133

registered interest
date	08/05/2018
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 Mr Chancellor of the Exchequer, what estimate his Department made of the number of people that would invest in a Lifetime ISA; how many people have invested in a Lifetime ISA; and if he will make an assessment of the potential merits of closing the Lifetime ISA to new entrants.
tabling member constituency	Nottingham East
tabling member printed	Mr Chris Leslie
uin	141693
answer	answer is ministerial correction date of answer 16/05/2018 answer text <p>The Lifetime ISA was introduced in 2017 to encourage younger people to get into the habit of saving for the long term. The Tax Information and Impact Note for the Lifetime LISA estimated over 200,000 accounts would be opened in the first year. Initial reports to HMRC for the 2017/18 tax year show approximately 170,000 accounts were opened. We expect the final figure for 2017/18 to change as a result of the receipt of late or amended returns from providers. The Government keeps all aspects of the tax system under review. Where appropriate, future changes may be made through the annual Budget process.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 16/05/2018 13:59:45 answering member 4051 label Biography information for John Glen
tabling member	422 label Biography information for Mr Chris Leslie

900134

registered interest
date	08/05/2018
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 Mr Chancellor of the Exchequer, if he will make an assessment of the (a) cost to the public purse and (b) potential merits of the introduction of an ISA dashboard.
tabling member constituency	Nottingham East
tabling member printed	Mr Chris Leslie
uin	141694
answer	answer is ministerial correction date of answer 16/05/2018 answer text <p>The Government notes the Association of Accounting Technicians Individual Savings Account Working Group’s proposals regarding ISAs, including the introduction of an ISA dashboard. The Chancellor of the Exchequer keeps all tax policy under review and information provided to us is considered as part of this process.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 16/05/2018 14:00:42 answering member 4051 label Biography information for John Glen
tabling member	422 label Biography information for Mr Chris Leslie

885243

registered interest
date	17/04/2018
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 Mr Chancellor of the Exchequer, what the change in the ratio of investments in stocks and shares ISAs to cash ISAs has been in each of the last five years.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	136108
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>HMRC publishes annual statistics on new subscriptions and total savings in cash and stocks and shares Individual Savings Accounts (ISAs). These are available on the GOV.UK website: <a href="https://www.gov.uk/government/collections/individual-savings-accounts-isa-statistics" target="_blank">https://www.gov.uk/government/collections/individual-savings-accounts-isa-statistics</a></p><p> </p><p>These statistics consider investments in ISAs in a number of ways, including: the number of accounts subscribed to, the amounts subscribed and the total market value of funds.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2018 09:11:55 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

856301

registered interest
date	06/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they have taken to address the decline in use of the cash Individual Savings Account; and how investment in 2016–17 compared to 2015–16.
tabling member printed	Lord Cromwell
uin	HL6092
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The Government notes the Association of Accounting Technicians Individual Savings Account Working Group’s proposals regarding ISAs. The Chancellor of the Exchequer keeps all tax policy under review and information provided to us is considered as part of this process.</p><p> </p><p>The Government wants to continue to support people to save in the way that is right for them, which is why there are a range of options to help people make their money go further.</p><p> </p><p>ISAs form part of this support, and remain an incredibly popular product with around half of UK households having one.</p><p> </p><p>In April 2017, the ISA allowance increased by a record amount to £20,000. This, combined with the introduction of the Personal Savings Allowance in April 2016, has given savers more flexibility when choosing the product most suitable for them and means that over 95% of people have no tax to pay on their savings income.</p> answering member printed Lord Bates grouped question UIN HL6093 HL6094 HL6095 question first answered 20/03/2018 15:39:17 answering member 1091 label Biography information for Lord Bates
tabling member	2594 label Biography information for Lord Cromwell

856302

registered interest
date	06/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their response to the recommendations of the cross-party Association of Accounting Technicians Individual Savings Account Working Group, that (1) the ISA name should be removed from the Help to Buy scheme, and (2) the Lifetime ISA should be closed to new entrants, and (3) all remaining ISAs should be folded into a single "Everything ISA".
tabling member printed	Lord Cromwell
uin	HL6093
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The Government notes the Association of Accounting Technicians Individual Savings Account Working Group’s proposals regarding ISAs. The Chancellor of the Exchequer keeps all tax policy under review and information provided to us is considered as part of this process.</p><p> </p><p>The Government wants to continue to support people to save in the way that is right for them, which is why there are a range of options to help people make their money go further.</p><p> </p><p>ISAs form part of this support, and remain an incredibly popular product with around half of UK households having one.</p><p> </p><p>In April 2017, the ISA allowance increased by a record amount to £20,000. This, combined with the introduction of the Personal Savings Allowance in April 2016, has given savers more flexibility when choosing the product most suitable for them and means that over 95% of people have no tax to pay on their savings income.</p> answering member printed Lord Bates grouped question UIN HL6092 HL6094 HL6095 question first answered 20/03/2018 15:39:17 answering member 1091 label Biography information for Lord Bates
tabling member	2594 label Biography information for Lord Cromwell

856303

registered interest
date	06/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they have given consideration to scrapping the annual ISA savings limit in favour of a £1 million lifetime contributions limit, as proposed by the cross-party Association of Accounting Technicians Individual Savings Account Working Group; and if not, why not.
tabling member printed	Lord Cromwell
uin	HL6094
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The Government notes the Association of Accounting Technicians Individual Savings Account Working Group’s proposals regarding ISAs. The Chancellor of the Exchequer keeps all tax policy under review and information provided to us is considered as part of this process.</p><p> </p><p>The Government wants to continue to support people to save in the way that is right for them, which is why there are a range of options to help people make their money go further.</p><p> </p><p>ISAs form part of this support, and remain an incredibly popular product with around half of UK households having one.</p><p> </p><p>In April 2017, the ISA allowance increased by a record amount to £20,000. This, combined with the introduction of the Personal Savings Allowance in April 2016, has given savers more flexibility when choosing the product most suitable for them and means that over 95% of people have no tax to pay on their savings income.</p> answering member printed Lord Bates grouped question UIN HL6092 HL6093 HL6095 question first answered 20/03/2018 15:39:17 answering member 1091 label Biography information for Lord Bates
tabling member	2594 label Biography information for Lord Cromwell

856304

registered interest
date	06/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they have taken, or plan to take, to create an ISA dashboard, based on the same principles as the Pensions Dashboard project.
tabling member printed	Lord Cromwell
uin	HL6095
answer	answer is ministerial correction date of answer 20/03/2018 answer text <p>The Government notes the Association of Accounting Technicians Individual Savings Account Working Group’s proposals regarding ISAs. The Chancellor of the Exchequer keeps all tax policy under review and information provided to us is considered as part of this process.</p><p> </p><p>The Government wants to continue to support people to save in the way that is right for them, which is why there are a range of options to help people make their money go further.</p><p> </p><p>ISAs form part of this support, and remain an incredibly popular product with around half of UK households having one.</p><p> </p><p>In April 2017, the ISA allowance increased by a record amount to £20,000. This, combined with the introduction of the Personal Savings Allowance in April 2016, has given savers more flexibility when choosing the product most suitable for them and means that over 95% of people have no tax to pay on their savings income.</p> answering member printed Lord Bates grouped question UIN HL6092 HL6093 HL6094 question first answered 20/03/2018 15:39:17 answering member 1091 label Biography information for Lord Bates
tabling member	2594 label Biography information for Lord Cromwell