Tories suggest 401k-style 'Lifetime Savings Account'

“LiSA” - the Lifetime Savings Account - would, possibly, match contributor’s monthly savings pound-for-pound with government contributions to encourage savings. Instead of the current system of offering tax advantages on money locked in until retirement, “each month, as you put money into your Lifetime Savings Account, the Government will put money in too", Willetts says. Government contributions could not be touched until retirement under the Tory proposals, but personal contributions could, within limits, such that people with short-term cashflow problems could access their savings,...