Capital limits

Please excuse my ignorance here, but;

For tax credits, there are no capital limits.

How has this been transferred to universal credit, or has this just been completely abolished?

Thanks

https://www.gov.uk/universal-credit/eligibility

http://revenuebenefits.org.uk/universal-credit/guidance/entitlement-to-uc/capital-rules/

UC just treats capital as does IS etc. A family saving up for a deposit on a house, say, will likely find UC to be of less support than tax credits was.

Does anyone know how money in a Lifetime ISA is treated? As it can only be withdrawn in limited circumstances without a hefty penalty, is that taken account of?

My personal opinion is that a Lifetime ISA should be disregarded for benefit purposes if the penalty applies, but I doubt that will be the case.