{"id":8590,"date":"2016-03-19T14:01:03","date_gmt":"2016-03-19T07:01:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-reasons-to-take-out-a-lifetime-isa-and-two-why-you-shouldnt\/"},"modified":"2016-03-19T14:10:25","modified_gmt":"2016-03-19T07:10:25","slug":"four-reasons-to-take-out-a-lifetime-isa-and-two-why-you-shouldnt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-reasons-to-take-out-a-lifetime-isa-and-two-why-you-shouldnt\/","title":{"rendered":"Four reasons to take out a lifetime Isa \u2013 and two why you shouldn\u2019t"},"content":{"rendered":"


\nThe savings account, introduced in the budget, will help first-time buyers and the self-employed \u2013 but a workplace pension is still the most tax-efficient way to saveA free handout of up to \u00a332,000 in cash from the government is, it has to be said, the sort of offer that grabs your attention. That\u2019s the carrot George Osborne held out to younger people this week – presumably in an attempt to placate Generation Y\u2019s anger about never being able to afford to buy a house and having to work until they drop because they have been shafted on pensions.But does the new lifetime Isa stand up to scrutiny? Here are four reasons why you should take one out, and two reasons you shouldn\u2019t. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Four reasons to take out a lifetime Isa \u2013 and two why you shouldn\u2019t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The savings account, introduced in the budget, will help first-time buyers and the self-employed \u2013...<\/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-8590","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\/p75ss1-2ey","jetpack-related-posts":[{"id":8620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-greeted-with-mixed-opinions\/","url_meta":{"origin":8590,"position":0},"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":8240,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isa-what-is-it-and-how-does-it-work\/","url_meta":{"origin":8590,"position":1},"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":97290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isa-works-only-for-those-most-able-to-save\/","url_meta":{"origin":8590,"position":2},"title":"Lifetime Isa works only for those most able to save","date":"September 5, 2018","format":false,"excerpt":"\r A \u00a31,000 annual bonus is nothing when the average deposit for a London house is \u00a395,000\r \r Source : ft.com\r Read more...Lifetime Isa works only for those most able to save","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mis-buying-warning-over-lifetime-isa\/","url_meta":{"origin":8590,"position":3},"title":"'Mis-buying' warning over lifetime Isa","date":"November 14, 2016","format":false,"excerpt":"\r Former 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-lifetime-isa-no-longer-fit-for-purpose\/","url_meta":{"origin":8590,"position":4},"title":"Is the lifetime Isa no longer fit for purpose?","date":"January 11, 2025","format":false,"excerpt":"\r Martin Lewis says the saving scheme proved a big hit but is starting to penalise the very people it sought to helpIt appears to be proving a hit with millennials and generation Z but has also come under fire for the \u201cunfair\u201d sting in its tail. The lifetime Isa\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":8590,"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\/8590"}],"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=8590"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8590\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}