UK Treasury Committee reviews Lifetime Isa, considering changes or scrapping the savings account.

The UK Treasury Committee is reviewing the Lifetime Isa (Lisa), a savings account introduced in 2016 to help first-time home buyers and retirement savers. Critics argue the £450,000 property cap is outdated and the 25% withdrawal penalty is too high. The committee is seeking opinions on whether the Lisa should remain as is, be redesigned, or scrapped entirely, with submissions due by February 4.

3 months ago
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