# Savings (Government Contributions) Act 2017, Paragraph 7


(1) Paragraph 8 does not apply to a withdrawal from a Lifetime ISA—
(a) at a time after the investor has reached such age as may be specified in Treasury regulations (but see sub-paragraph (3));
(b) for the purposes of a first-time residential purchase being made by the investor (but see sub-paragraph (4));
(c) at a time when the investor is suffering from a terminal illness;
(d) at a time after the investor's death;
(e) that is by way of transfer to another Lifetime ISA.
(2) Treasury regulations may specify other withdrawals from a Lifetime ISA to which paragraph 8 does not apply.
(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—
(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,
(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
(c) the withdrawal is made within a period—
(i) beginning with the date of the addition, and
(ii) of a duration specified in the regulations.
(4) Treasury regulations may specify withdrawals from a Lifetime ISA, which may be withdrawals within sub-paragraph (1)(b), to which paragraph 8—
(a) does not apply at the time of withdrawal, but
(b) comes to apply on a subsequent failure to meet conditions specified in the regulations.
(5) Treasury regulations may make provision supplementing sub-paragraph (1), including (in particular) provision about—
(a) what counts as a “first-time residential purchase”;
(b) whether, or the extent to which, a withdrawal is for the purposes of such a purchase;
(c) when a person is to be considered to be suffering from a terminal illness;
(d) conditions to be met in order for a transfer to count for the purposes of sub-paragraph (1)(e).

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Source: https://www.legislation.gov.uk/ukpga/2017/2/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/savings-government-contributions-act-2017/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.