12 July 2021
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2 min read
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For 2018/19 and 2019/20 the withdrawal charges were set at 25% before being dropped to 20% from March last year to April this year.
Lifetime ISA (LISA) early withdrawal charges more than tripled in a year, a Freedom of Information (FOI) request submitted by Quilter has revealed.
In the tax year 2019/20, early withdrawal charges came to just £10m, compared to £33m for the year 2020/21. Over the previous three tax years, £48m has been collectively levied against LISA holders for...
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