Rachel Vahey looks at the Lifetime ISA, its ‘design challenges’ and where the product goes from here…
The Lifetime ISA (LISA) never gave the impression of a thoroughly thought-through idea. Introduced in 2017, it felt like it had risen from the ashes of a doomed government attempt to restructure pensions tax relief, offering a new perspective on giving upfront bonuses on payments through ISAs rather than pensions. However, just because it had a shaky start does not mean LISAs should be confined to the dustbin. Instead, it can be a fantastic savings and investment product when used correctly, and hundreds of thousands of people have used it to help buy their first home or kickstart the...
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