Property News · April 17, 2017

Should you resist Lisa … out to lure you into saving for a property or retirement?


The Lifetime Isa was launched this month, offering a tax-free wrapper and 25% bonus. But do weigh up the pros and cons, says Harriet MeyerYou know you should save for retirement, and since the introduction of the Lifetime Isa there are more options than ever. Launched on 6 April the “Lisa” is similar to any other Isa, working as a tax-free wrapper around savings, and is available to everybody between 18 and 40.Critics of it claim savers risk giving up valuable employer pension contributions and being stung by hefty penalties if they quit the scheme early. But stashing cash in a Lisa could be a wise retirement strategy Continue reading…

Source : theguardian.com
Read more…Should you resist Lisa … out to lure you into saving for a property or retirement?

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