Treasury Committee launches review of Lifetime ISA – is it fit for purpose?

Lifetime ISAs were introduced nine years ago, offering a 25% government bonus on savings to aid first-time buyers and boost pension savings for under-40s. Despite rising house prices and living costs, little has changed with the Lifetime ISA (LISA). The government has now launched a review to assess the product’s effectiveness and suitability, focusing on penalties, house price caps, and value for money.

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