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The Independent UK
The Independent UK
Business
Albert Toth

Lifetime ISA set to be scrapped - everything you need to know

Martin Lewis Budget

The government is set to reform the Lifetime ISA (Lisa), it was confirmed at Wednesday’s Budget, meaning major changes for millions of savers.

Held by an estimated 1.3 million people, the government-backed savings account offers a unique ‘savings rate’ of 25 per cent, but can only be used to purchase a first home. It was first introduced in 2017.

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