Fewer Lifetime ISAs (LISAs) were opened in the 2017/18 tax year than the government expected while the average amount invested was also below expectations, according to data from HM Revenue & Customs (HMRC).
The taxman's figures revealed 166,000 LISAs had been taken out over the period, some 34,000 less than the government's forecast 200,000 for the saving product's first year of operation. Additionally,...
Perhaps don't pick up the phone...
Joins from Aviva
40,000 new plans bought
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers