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The Independent UK

Albert Toth

Savers lose nearly £119m to ‘horrible’ HMRC ISA penalties

ISA HMRC Lisa Martin Lewis

Nearly £119m was lost by Lifetime ISA (LISA) holders last year due to much-criticised withdrawal rules, new HMRC data has revealed.

Between April 2025 and March 2026, a record 154,100 people made unauthorised withdrawals from their LISA, costing an average £3,088 per saver.

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Top stories on inkl right now

Families of 9/11 victims await key ruling in New York as truther conference is held nearby

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CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

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The Independent UK

Top stories on inkl right now

Families of 9/11 victims await key ruling in New York as truther conference is held nearby

Families say Saudi Arabia provided aid to hijackers while conspiracist conference casts doubt on official narrative

The Guardian - US

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

Fortune

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

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