{
  "url": "https://openlegislation.uk/savings-government-contributions-act-2017/schedule-1/paragraph-7",
  "json_url": "https://openlegislation.uk/savings-government-contributions-act-2017/schedule-1/paragraph-7.json",
  "legislation": "ukpga/2017/2",
  "legislation_title": "Savings (Government Contributions) Act 2017",
  "legislation_url": "https://openlegislation.uk/savings-government-contributions-act-2017",
  "path": "schedule/1/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) Paragraph 8 does not apply to a withdrawal from a Lifetime ISA—\n(a) at a time after the investor has reached such age as may be specified in Treasury regulations (but see sub-paragraph (3));\n(b) for the purposes of a first-time residential purchase being made by the investor (but see sub-paragraph (4));\n(c) at a time when the investor is suffering from a terminal illness;\n(d) at a time after the investor's death;\n(e) that is by way of transfer to another Lifetime ISA.\n(2) Treasury regulations may specify other withdrawals from a Lifetime ISA to which paragraph 8 does not apply.\n(3) Treasury regulations may provide, as an exception to sub-paragraph (1)(a), that paragraph 8 applies to a withdrawal from a Lifetime ISA if—\n(a) an addition is made to a Lifetime ISA at a time after the investor has reached such age as may be specified in the regulations,\n(b) the withdrawal is under the regulations treated as being or including a withdrawal of investments representing the whole or part of the addition, and\n(c) the withdrawal is made within a period—\n(i) beginning with the date of the addition, and\n(ii) of a duration specified in the regulations.\n(4) Treasury regulations may specify withdrawals from a Lifetime ISA, which may be withdrawals within sub-paragraph (1)(b), to which paragraph 8—\n(a) does not apply at the time of withdrawal, but\n(b) comes to apply on a subsequent failure to meet conditions specified in the regulations.\n(5) Treasury regulations may make provision supplementing sub-paragraph (1), including (in particular) provision about—\n(a) what counts as a “first-time residential purchase”;\n(b) whether, or the extent to which, a withdrawal is for the purposes of such a purchase;\n(c) when a person is to be considered to be suffering from a terminal illness;\n(d) conditions to be met in order for a transfer to count for the purposes of sub-paragraph (1)(e).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2017/2/schedule/1/paragraph/7",
    "retrieved_at": "2026-10-29T09:05:53.757599+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}