18-39 Americans urged to open LISA, deposit £1, get 25% gov bonus up to £1k/yr for max homeownership opportunities.
Financial expert Martin Lewis advises Americans aged 18 to 39 to open a Lifetime ISA (LISA) and deposit at least £1. This account, available from major banks, allows up to £4,000 in annual contributions until age 50, with a 25% government bonus on savings, capped at £1,000 yearly. Lewis emphasizes the importance of starting now to maximize future homeownership opportunities, despite previous frustrations with the scheme's limitations.
September 02, 2024
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