Martin Lewis shared details on how to secure £1,000 a month for free by using a specific savings account.
By using a Lifetime ISA (LISA) account, you earn a 25% bonus on all of your savings. The maximum deposit amount each tax year is £4,000 which means an annual bonus of £1,000.
The bonus isn't affected by a minimum amount which means it will still be applied to whatever total the LISA holds but the money must be spent on either a first property or retirement fund. If you withdraw cash for any reason, you will pay a 25% penalty.
