A number of misconceptions about the Lifetime ISA (LISA) have sprung up over the year since the product was unveiled by then Chancellor George Osborne in the 2016 Budget. Danny Cox goes about debunking the myths...
From fears it may encourage savers to prioritise property over pension savings, to criticism over the age limit and exit charges involved, the LISA has attracted its fair share of scrutiny as providers, advisers and the regulator have all weighed in on its pros and cons. Here Hargreaves Lansdown chartered financial planner Danny Cox (pictured) sets about debunking 12 myths about the LISA that have been aired to a greater or lesser degree over the last 12 months. 1. 'It is better to wait until the end of the tax year to open a LISA' Investing at the start of the tax year means an inv...
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