{"id":34314,"date":"2016-11-14T23:46:53","date_gmt":"2016-11-14T16:46:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mis-buying-warning-over-lifetime-isa\/"},"modified":"2016-11-14T23:59:44","modified_gmt":"2016-11-14T16:59:44","slug":"mis-buying-warning-over-lifetime-isa","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mis-buying-warning-over-lifetime-isa\/","title":{"rendered":"'Mis-buying' warning over lifetime Isa"},"content":{"rendered":"


\nFormer pensions minister Steve Webb questions suitability of the new government-backed Isa which comes with high exit penaltiesA new type of savings account aimed at under-40s and available from next spring could result in a \u201cmis-buying\u201d scandal, a former government minister has claimed.The lifetime Isa (pdf), unveiled by George Osborne in the March budget, is a savings account that will allow people to save either towards their first home or their retirement. Those who sign up can save up to \u00a34,000 a year and receive a government bonus of 25% \u2013 which means those who put in the maximum each year will receive a \u00a31,000 bonus every 12 months from the government. Continue reading…
\n
\nSource : theguardian.com
\nRead more…‘Mis-buying’ warning over lifetime Isa<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Former pensions minister Steve Webb questions suitability of the new government-backed Isa which comes with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-34314","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8Vs","jetpack-related-posts":[{"id":8240,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isa-what-is-it-and-how-does-it-work\/","url_meta":{"origin":34314,"position":0},"title":"Lifetime Isa: what is it and how does it work?","date":"March 16, 2016","format":false,"excerpt":"\r This savings account will help young people save for a home or for their retirement, with the government adding a bonus of up to \u00a31,000 every yearThe chancellor\u2019s budget included the announcement of a lifetime Isa to help young people save for their first home or retirement.What is a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-greeted-with-mixed-opinions\/","url_meta":{"origin":34314,"position":1},"title":"Lifetime Isas greeted with mixed opinions","date":"March 20, 2016","format":false,"excerpt":"\r Experts fire warning that traditional pension savings shouldn\u2019t be passed overThe lifetime Isa announced in last week\u2019s budget has split opinion among pension experts, with some warning it could force young people to work until they drop, but others hailing it as a \u201cno-brainer\u201d for younger workers.The accounts are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-keep-my-cash-in-a-savings-account-or-a-lifetime-isa\/","url_meta":{"origin":34314,"position":2},"title":"Should I keep my cash in a savings account or a lifetime Isa?","date":"March 26, 2018","format":false,"excerpt":"\r I\u2019m thinking about buying a property, but I\u2019m worried I\u2019ll face penalties if I decide against it Q I\u2019m originally from Denmark, but moved here five years ago to do my degree. I\u2019ve now finished studying and have started my first full-time job in London. As I\u2019m only in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isa-saving-scheme-stopping-some-from-buying-a-home\/","url_meta":{"origin":34314,"position":3},"title":"Lifetime Isa saving scheme \u2018stopping some from buying a home\u2019","date":"November 6, 2022","format":false,"excerpt":"\r MPs and campaigners call for urgent review of property price cap for UK government schemeA government scheme to help people save for their first home is preventing some from buying a property and leaving others thousands of pounds out of pocket, MPs and campaigners have said.They are calling on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-lifetime-isa-home-buying-scheme-is-a-flop-so-why-wont-the-treasury-fix-it-henry-hill\/","url_meta":{"origin":34314,"position":4},"title":"The lifetime Isa home-buying scheme is a flop, so why won\u2019t the Treasury fix it? | Henry Hill","date":"March 23, 2023","format":false,"excerpt":"\r They were designed to help first-time buyers, but lifetime Isas are so restrictive they risk turning into a financial trap for many young peopleOf all the counter-productive, demand-stimulating measures successive governments have introduced to try to palliate the effects of endlessly climbing house prices, the lifetime Isa may have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94541,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-use-my-lifetime-isa-to-pay-for-legal-and-survey-fees-for-my-flat\/","url_meta":{"origin":34314,"position":5},"title":"Can I use my lifetime Isa to pay for legal and survey fees for my flat?","date":"July 24, 2018","format":false,"excerpt":"\r I am unsure whether I will lose the bonus by withdrawing funds from it Q I\u2019m a first-time buyer in the process of buying a flat with a value of \u00a3130,000. I have \u00a313,750 in a lifetime Isa, \u00a33,000 of which is part of this tax year\u2019s allowance (\u00a3750\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34314"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=34314"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34314\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}