MARTIN Lewis is urging Chancellor Jeremy Hunt to use his Autumn Statement to overhaul “unfair” aspects of lifetime ISAs. These savings accounts are often used by first-time buyers to ge…
MARTIN Lewis is urging Chancellor Jeremy Hunt to use his Autumn Statement to overhaul "unfair" aspects of lifetime ISAs.founder and chair argued that young savers should not be essentially fined, and lose their hard-saved cash when they buyLisas are designed to help people aged 18 to 39 buy their first home or to save for retirement.Shoppers rush to Home Bargains to buy £1.
MSE said the Government should allow savers using Lisa money to buy a home that is over the limit to withdraw it without penalty immediately. "House-buyers aren't doing that, so they shouldn't be penalised - they should at least get back what they put in. The couple were collectively fined around £1,500 of their own savings and lost around £6,000 of government bonuses on top, MSE said.
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