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

Cultural shift: Preparing for ISA simplification

Cultural shift: Preparing for ISA simplification

'Trying to pre-empt changes in tax policy based on rumours is a dangerous game'

Toby Larkman
clock 23 September 2025 • 4 min read
Savers poured £103bn into cash ISAs in 2023/24

Savers poured £103bn into cash ISAs in 2023/24

Figures likely to have ‘caught chancellor’s eye’

Jenna Brown
clock 18 September 2025 • 3 min read
Royal London launches first Stocks and Shares ISA

Royal London launches first Stocks and Shares ISA

‘Growing interest’ in ISA savings options

Isabel Baxter
clock 17 September 2025 • 2 min read