The government will reduce the withdrawal charge for existing LISA holders who use their savings to purchase a first home above the £450,000 property price cap.
The government will reduce the withdrawal charge for existing LISA holders who use their savings to purchase a first home above the £450,000 property price cap.
From April 2027, £8,000 of the allowance was due to be exclusively for investment in stocks and shares.
The new product will replace the Lifetime ISA.
Advisers say Budget 'not as bad as feared’ - but frustration over endless tinkering dominates.
The Treasury will be consulting on replacements to the Lifetime ISA.
Building societies have warned that a reduced cash ISA allowance would limit their ability to fund mortgages.
Jonathan Westhoff, chief executive of West Brom Building Society, explores potential changes to the cash ISA limit and how this itself is not likely to change people’s investment...
A fall in ISA deposits could directly impact how much building societies are able to lend.
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