Are retirement savers missing a trick with the lifetime ISA?

Lifetime ISA effectively a stalking horse for pension reform

clock • 4 min read

Laith Khalaf looks at the lifetime ISA's track record and asks if it should be better utilised when saving for retirement...

It's now six years since the lifetime ISA (LISA) was introduced into the UK's savings landscape, and in the last financial year around half a million accounts were opened. More than 100,000 people have used a LISA to help fund a first house purchase, and many more will still be sitting on the government bonus in anticipation of doing so in the coming years. That the LISA can fulfil its main purpose of helping first-time buyers onto the housing market seems unequivocal, but we are perhaps missing a trick when it comes to using the LISA as a retirement savings vehicle by comparing the p...

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