Lifetime ISA

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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 […]

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FCA to extend Lifetime Isa risk warnings

The FCA will extend risk warnings on the Lifetime Isa to include the risk of losing out on employer’s pension contributions. The regulator first published a consultation on November on the rules governing the promotion and distribution of Lifetime Isas and proposed risk warnings about penalty charges and opting out of auto-enrolment. In a policy statement […]

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‘Young people set to choose Lifetime Isas over pensions’

Over a quarter of millennials think the Lifetime Isa will be a more tax efficient retirement savings vehicle than auto-enrolling in a workplace pension. While half of the 1,000 22 to 36 year olds surveyed by pensions technology firm Dunstan Thomas had not heard of the Lifetime Isa or did not know what it was for, […]