Brits could be missing out on a whopping £18 BILLION of “free money” a year – because they aren’t making the most of a certain savings account.
The most recent government data (2020-2021) shows just 553,000 adults contributed to a Lifetime ISA – either to save money towards their first home deposit, or for their retirement.
A LISA pays out a 25 per cent bonus on savings made up to £4,000 each tax year – allowing savers to grab as much as £1,000 of free money each year.
