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...

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