Nottingham Building Society is to launch a cash-only lifetime ISA (LISA) at the end of August.
The LISA will be available from the building society from 28 August, and is just one of two providers to offer the cash-only version of the product, alongside Skipton Building Society. Nottingham Building Society will be the only provider that will allow customers to open an account with just £10. Initially, savers will be able to open a LISA in branch, but the building society said it hopes to see an online version go live before the end of the year. The LISA allows those aged between 18 and 50 to save up to £4,000 a year towards a pension or a first home tax-free, with the promis...
To continue reading this article...
Join Professional Adviser
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.
