All the updated news related to lifetime isa

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Personal Finance

Calls to overhaul ‘unfair’ penalties around first-time buyer savings schemes

“Unfair” penalties around schemes designed to support first-time buyers should be overhauled, according to bodies representing savings providers. Lifetime Isas (Lisas) and Help to Buy Isas (HTB Isas) have helped many first-time buyers on to the ...

07 Feb 2024 at 00:01

Personal Finance

Martin Lewis urges Chancellor to tackle consumer issues as March Budget nears

Martin Lewis is urging the Chancellor to fix some key consumer issues, including rules around child benefit which “unfairly” penalise some families with a single income or one dominant earner. The founder of MoneySavingExpert.com and the Money ...

22 Jan 2024 at 18:07

Personal Finance

Nearly 100,000 people ‘clobbered’ for unauthorised Lifetime Isa withdrawals

The total value of Lifetime Isa (Lisa) withdrawal charges hit just over £75.2 million in 2023-24 – nearly 40% higher than the previous year when they totalled £54.3 million. Some finance experts said the figures from HM Revenue and Customs ...

19 Sept 2024 at 12:12

Personal Finance

Martin Lewis urges Chancellor to overhaul ‘unfair’ aspects of Lifetime Isas

Martin Lewis is urging Chancellor Jeremy Hunt to use his Autumn Statement later this month to overhaul “unfair” aspects of Lifetime Isas, which are often used by first-time buyers to get on the property ladder. The MoneySavingExpert.com ...

06 Nov 2023 at 08:57

‘Missed opportunities’ to help first-time buyers in the Budget

Opportunities to do more to help first-time buyers were missed in the Budget, according to some finance experts. Previous reports had suggested that a 99% mortgage scheme to help people take their first step on the property ladder was ...

06 Mar 2024 at 15:44

Personal Finance

‘Race’ for buyers to get on the property ladder before stamp duty rises in April

First-time buyers who have completed their sale before the stamp duty deadline have spoken of their relief, with one describing how the potential extra cost could have been a “deal breaker”. Under the changes, from April 1, ...

28 Mar 2025 at 06:00

Personal Finance

Treasury Committee probes whether Lifetime Isa is still fit for purpose in 2025

The Treasury Committee is seeking views on whether the Lifetime Isa is still fit for purpose in 2025. Lifetime Isas (Lisas) help people save for their first home – if the property costs £450,000 or less – or their ...

07 Jan 2025 at 16:39

Personal Finance

Martin Lewis highlights ‘major holes’ in Lifetime Isas

Consumer champion Martin Lewis has told MPs there are “major holes” in Lifetime Isas which need fixing. Giving evidence to the Treasury Committee, the MoneySavingExpert.com founder said: “I think the Lifetime Isa ...

26 Feb 2025 at 20:01

Personal Finance

Some first-time buyers accessing bumper Lifetime Isa deposits of £50,000-plus

Some first-time buyers had more than £50,000 to put towards the cost of their property in 2022-23 after saving into Lifetime Isas, according to HM Revenue and Customs (HMRC) figures. Lifetime Isas, or Lisas, ...

22 May 2025 at 00:01

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