Laura Suter: Let's tackle Lifetime ISA gremlins

Launched 16 months ago

clock • 4 min read

As the Treasury Committee pushes for its extermination Laura Suter makes the case for retaining the Lifetime ISA, explaining the misunderstood product is a good fit for several groups of savers

Just 16 months ago the Lifetime ISA (LISA) was launched. There's no denying that the announcement of the new ISA's launch came as a surprise to most - if not all - in the industry, as George Osborne decided to use it as a rabbit pulled from his Budget hat. But before the ISA has even hit its second birthday, people are already calling for its death. The Treasury Committee recently released a report looking at the overall changes it wanted the government to make in the savings market. The report argued that people are not saving enough, are not aware of the benefits of tax relief an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Reeves set to slash £20,000 Cash ISA allowance – reports

Reeves set to slash £20,000 Cash ISA allowance – reports

Announcement to be part of chancellor’s July Mansion House speech

Isabel Baxter
clock 01 July 2025 • 2 min read
Treasury Committee slams 'complex' LISA

Treasury Committee slams 'complex' LISA

Increases risk of poor financial decisions, report states

Isabel Baxter
clock 30 June 2025 • 4 min read
Advisers expecting Cash ISA limits to come into effect by end of year

Advisers expecting Cash ISA limits to come into effect by end of year

Wealth tax changes drive client demand for cash, research finds

Isabel Baxter
clock 06 June 2025 • 2 min read