If you have yet to see much point in saving money in an ISA, a new incentive for 2017 could change your mind. This month sees the launch of a new Lifetime ISA – or LISA. For every pound saved in the tax year – up to a maximum of £4,000 – the state will boost … Continued
Category: Lifetime ISA
Set to be introduced in April 2017, the Lifetime ISA essentially offers an alternative to the Help To Buy ISA. With two competing options on the table, it’s important to know which is best for you and your needs, as whilst they have some similarities, there are also key differences between the two.
Amongst the key announcements that came from the budget was the introduction of a new ‘Lifetime ISA.’ By far the most attractive feature of this new form of savings account is that contributions every year will receive a healthy 25% bonus from the government.