Property News · August 5, 2017

Lifetime Isa proving popular as young savers rush to snap them up


Around 28,000 people have taken out Skipton building society’s cash Lisa, while Hargreaves Lansdown has opened 22,000 accountsThey launched with a whimper rather than a bang, but four months on, Lifetime Isas – or Lisas – seem to be proving popular. This week, Skipton building society revealed that 28,000 people had opened its cash version of the Lisa in just six weeks. And investment firm Hargreaves Lansdown said it had opened more than 22,000.Launched in April, a Lisa lets you save tax-free for either a property or retirement. The crucial difference to standard Isas is that you also get a government bonus equal to 25% of what you save. It will be yours to keep either when you buy a property or reach 60. Continue reading…

Source : theguardian.com
Read more…Lifetime Isa proving popular as young savers rush to snap them up

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