Here's our weekly heads-up on the stories that may have caught your clients' attention over the weekend …
New ISA glitch means savers could lose £2k government bonus The timing of the associated bonus payments could rob people of up to £1,900 of their government bonus if they transfer their savings from the Help to Buy ISA into the Lifetime ISA (LISA) in the first year of the new scheme, according to this Telegraph article. The LISA offers those under the age of 40 a 25% government bonus on a maximum of £4,000 worth of savings a year either to buy their first property or use as retirement funds. The scheme's 25% bonus will be paid annually in the first year of the LISA, which means those w...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
