The lifetime Isa is being scrapped - what does it mean for you?
Episode description
The government has announced that it's replacing the lifetime Isa with a new savings product specifically to help first-time buyers. But what will it look like?
In this episode, we’re joined by our mortgages and property expert Sam Wilson who outlines what the Lisa is, how it’s helped first time buyers, but also how it’s hampered certain house-buyers from accessing the government bonus because their property was too expensive.
The new account will only be targeted towards first-time buyers, removing the element of the Lisa that helps those save for retirement. Rachel Vahey from AJ Bell shares her concerns that the self-employed will need more support to save money for later life.
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