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,...
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