{"id":8620,"date":"2016-03-20T14:00:32","date_gmt":"2016-03-20T07:00:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-greeted-with-mixed-opinions\/"},"modified":"2016-03-20T14:09:34","modified_gmt":"2016-03-20T07:09:34","slug":"lifetime-isas-greeted-with-mixed-opinions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-greeted-with-mixed-opinions\/","title":{"rendered":"Lifetime Isas greeted with mixed opinions"},"content":{"rendered":"


\nExperts 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 designed to help young people save for their first home or for retirement. Anyone aged between 18 and 40 when the lifetime Isa \u2013 or \u201cLisa\u201d as it has been dubbed \u2013 launches in April 2017 can open one, and any savings you put into it before your 50th birthday will receive a 25% bonus from the government. You can save up to \u00a34,000 a year and get a yearly bonus of up to \u00a31,000. The cash can be used towards a deposit on a first home worth up to \u00a3450,000, or to save for old age: after your 60th birthday you can access all the savings tax-free. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Lifetime Isas greeted with mixed opinions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Experts fire warning that traditional pension savings shouldn\u2019t be passed overThe lifetime Isa announced in...<\/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-8620","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\/p75ss1-2f2","jetpack-related-posts":[{"id":34314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mis-buying-warning-over-lifetime-isa\/","url_meta":{"origin":8620,"position":0},"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":8232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-expert-calls-for-tax-free-isas-to-be-made-lifetime-savings-accounts\/","url_meta":{"origin":8620,"position":1},"title":"Pension expert calls for tax-free Isas to be made lifetime savings accounts","date":"August 5, 2014","format":false,"excerpt":"\r Savings proposal suggests the Treasury could contribute 50p for every pound saved, up to an annual allowance of \u00a38,000Tax-free Isas should be transformed into \"lifetime\" savings accounts topped up with Treasury cash, according to a leading pensions expert.Michael Johnson, a research fellow at the Centre for Policy Studies thinktank,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-inherit-my-mums-house-will-i-be-able-to-use-my-lifetime-isa\/","url_meta":{"origin":8620,"position":2},"title":"If I inherit my mum's house will I be able to use my lifetime Isa?","date":"April 22, 2019","format":false,"excerpt":"\r I could end up losing 25% of it or having to leave my savings there until after I retireQ I\u2019m single, earn around \u00a320,000 a year at age 34 I have a pension pot which is currently worth \u00a315,000. I want to save for my retirement and eventually buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-you-resist-lisa-out-to-lure-you-into-saving-for-a-property-or-retirement\/","url_meta":{"origin":8620,"position":3},"title":"Should you resist Lisa \u2026 out to lure you into saving for a property or retirement?","date":"April 17, 2017","format":false,"excerpt":"\r 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\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":8620,"position":4},"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":8590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-reasons-to-take-out-a-lifetime-isa-and-two-why-you-shouldnt\/","url_meta":{"origin":8620,"position":5},"title":"Four reasons to take out a lifetime Isa \u2013 and two why you shouldn\u2019t","date":"March 19, 2016","format":false,"excerpt":"\r The 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\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\/8620"}],"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=8620"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}