Petition · past parliament · HM Treasury
Reduce the lifetime ISA fee of 25% to 20% when accessing the savings early
Closed
32 signatures
What the petition asks
Reduce the lifetime ISA fee of 25% to 20% when accessing the savings early. This will allow the account owner to pay back the Government bonus but not be charged for taking their own money out.
During covid, the Government made this change for 1 year which helped many. In response to the last similar but failed petition (July 2022) they stated the following regarding the decision to do this during covid 'financial disruption and uncertainty for many people, and for some this may have created a need to access savings unexpectedly.'
I believe this statement to be true again based on the current financial crisis people are facing. People's money is being held to ransom when needed the most.
I believe this statement to be true again based on the current financial crisis people are facing. People's money is being held to ransom when needed the most.
Timeline
| 24 Oct 2022 | Petition opened for signatures |
| 24 Apr 2023 | Closed to new signatures |
Key facts
Signatures
32
Status
Closed
Department
HM Treasury
Opened
24 Oct 2022
Closed
24 Apr 2023
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Source: the official petition page. Last checked 15 Jul 2026.