Related Commentary  

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 investorʼs death;

(e)that is by way of transfer to another Lifetime ISA.

7(2)  Treasury regulations may specify other withdrawals from a Lifetime ISA to which paragraph 8 does not apply.

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