Excellent or awful - why Lifetime ISAs divide opinion
BBC NewsSaturday, July 5, 2025 at 11:09:05 PM
Lifetime ISAs (LISAs) are supposed to help people save for homes or retirement, but they’ve sparked heated debates. A new report from MPs calls for reforms, echoing frustrations from savers who’ve faced penalties or found the rules too restrictive. Some love the government bonus, while others feel trapped by the fine print.
Editor’s Note: LISAs were designed to give young people a leg up, but the reality isn’t so simple. If you’ve used one, you might relate to the complaints—like losing money if you withdraw for the wrong reason. This isn’t just bureaucratic nitpicking; it’s about whether a well-intentioned policy actually works for the people it’s meant to help.
— Curated via WP Now’s
