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'Do-it-yourself' Lifetime ISAs. The three LISA providers below allow you to choose from tens of thousands of investment options, from shares to funds and more.
The Chancellor Jeremy Hunt has hinted help could be on the way for first-time buyers who face losing £1,000s of their own savings when withdrawing funds from Lifetime ISAs (LISAs) to buy homes above the scheme's property price limit.
Which is better, the Help to Buy ISA (H2B ISA) or the Lifetime ISA (LISA)? I'm asked this all the time. No wonder, as they both offer an unbeatable, no-brainer 25% bonus for first-time buyers saving in them – yet there are some big differences, so I've bashed out an answer...
Skipton Building Society has become the first provider to announce it will offer a cash Lifetime ISA - but you won't be able to get one until June. Lifetime ISAs (also known as 'LISAs') officially launch on 6 April and are open to those aged 18-39.
I've got a Lifetime ISA with Skipton that I've had for 2 years - balance around £10,000. I'm looking to to transfer to get a better rate but I'm quite confused by the transfer offers out there. Moneybox have the best rate at 5%, but only for a year.
You can open as many cash ISAs as you like (with as many ISA providers as you like) for transferring ISA money from previous tax years. The fact that you've already opened one in April with your 2024-25 ISA allowance won't matter.
First-time buyers paid the Government an estimated £1.8 million in fines for taking money out of their Lifetime ISAs (LISAs), new figures for the 2023/24 tax year show.
"So the Lifetime ISA is a tax-free savings account anyone aged 18 to 39 can open and it gives savers a 25% bonus free money on top towards either a first time property or if you wait until retirement.
A penalty paid by first-time buyers accessing savings in Lifetime ISAs (LISAs) when buying homes above the scheme's £450,000 property price limit could be scrapped, it's been revealed. A new report suggests the Chancellor will remove the withdrawal fee in his upcoming Budget.
The LISA is a tax-free wrapper that lets you put up to £4,000 in it every year as cash savings paying interest, or stocks & shares giving investment growth (or loss). For detailed info jump straight to my new full Top Lifetime ISAs guide, but for speed here are the 6 must-knows... 1. You have to be at least 18 but under 40 to open one.