Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Business
Gabriel Nussbaum

Brits charged more than £100m in ISA penalties last year – Rachel Reeves, please fix this mess

Do you have a Lifetime ISA? If so, heed these words of wisdom from ‘That Money Guy’, Gabriel Nussbaum - (Getty/iStock)

Seven months ago, I lost £1,462.30 of my own money. Not the government's money, not some bonus I was never entitled to. My money.

Money that grew from my own investments, and upon which I was relying to purchase my first home. And it's all because I opened a Lifetime ISA (LISA) when I was 21.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.