Nine ways to improve the Lifetime ISA - Nucleus

HMRC’s consultation closes today

Tom Ellis
clock • 2 min read

Nucleus has called for advice charging to count as a free withdrawal from the Lifetime ISA (LISA) as one of nine recommendations to HM Revenue & Customs (HMRC) to improve the new savings scheme due to come into effect in April.

HMRC's consultation on the proposed savings scheme closes today and Nucleus product technical manager Rachel Vahey (pictured) has argued a charge-free advice withdrawal from the LISA would help people access advice. "With the introduction date for LISA fast approaching, much of the detail remains unclear," she said. "For some, the LISA will provide them with an effective way of saving for their goals - whether that's their first house or their later life. But it won't be suitable for all.  "Getting regulated advice could help many make key decisions about whether to save within a LISA...

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