The Treasury has predicted 800,000 savers will contribute to Lifetime ISAs [LISAs] by 2020/21, according to an impact assessment published today.
A quarter of this figure - 200,000 - is expected to save into LISAs in 2017/18 after the scheme is launched next April. The Treasury said the larger predicted take-up by 2021 would be partly due to the Help to Buy ISA closing to new applicants at the end of 2019. For his part, Intelligent Pensions head of pathways Andrew Pennie (pictured) suggested the take-up figures could be even higher, but also said people were "deluded" if they thought they could use a LISA to save for both their first home and their retirement. He said: "Given the number of people struggling to buy their first h...
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