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This petition was submitted during the 2019 to 2024 Parliament

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Closed Reduce the lifetime ISA fee of 25% to 20% when accessing the savings early

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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.

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10,000

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 24 April 2023.