Lifetime ISA

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Moneybox mulls Sipp launch

Mobile savings app Moneybox is eyeing the launch of a Sipp, joining other digital wealth managers entering the retirement arena, Money Marketing understands. Moneybox allows customers to allocate small amounts of savings towards investment plans by rounding up card payments to the nearest pound. In April 2016, Moneybox was among the small number of direct-to-consumer […]

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Who topped Lifetime Isa sales in 2017?

More than 90,000 people have taken out a cash Lifetime Isa at Skipton Building Society since the product’s launch one year ago, making Skipton the most popular provider to offer the wrapper. The building society says the average amount invested in its Lifetime Isa in the first tax year since launch was £2,759, with 73 […]

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Ros Altmann: Can industry fix damaged Isa brand before it is too late?

It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]

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Danby Bloch: In praise of the Lifetime Isa

The young, first-time buyers and the self-employed could all have compelling reasons to invest in a Lifetime Isa When it comes to the newly-launched Lifetime Isa, advisers should be looking at their client bank and asking: who should invest in it? In practice, there are many for whom it is a really attractive product but […]

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Stephen Womack: Will it be a Happy New Tax Year?

Do not make the mistake of thinking you have time to pause for breath. After the rush of last- minute questions, applications, pension top-ups and Isa reshuffles, tax year 2016/17 is now history. Yesterday, we bid a cautious welcome to tax year 2017/18, which will bring with it fresh challenges, new numbers to commit to […]

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Nic Cicutti: Lifetime Isa blunder won’t solve the savings gap

There is something strangely compelling about the Treasury’s increasingly desperate attempts to strong-arm financial institutions into launching Lifetime Isas – a product almost no one understands or seems interested in. According to Money Marketing, hapless Treasury officials are on the blower virtually every week to find out when banks are planning to launch one of […]

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Govt urged to allow adviser charging for Lifetime Isas

Advisers think the regulations around Lifetime Isas need to be relaxed to allow for adviser charging for the product to be a success, research suggests. An AJ Bell adviser survey January found that many respondents thought that less than 10 per cent of their clients would find a Lifetime Isa attractive. But in a follow-up […]