Martin Lewis warns MPs of serious holes in Lifetime ISAs

Описание: Martin Lewis gave evidence to the House of Commons Treasury Committee on LISAs today (Wednesday 26 February 2025) – a savings product first-time buyers can use to get an up to £1,000 a year bonus on.

Yet use it on a property over £450,000 and the state effectively fines you 6.25% of what you've put in, to get the cash out.

This issue – among others – is something Martin and MoneySavingExpert have been campaigning since 2023 to fix. You can read more on what was said in the full House of Commons Treasury Committee session here: http://mse.me/60049DY