If you’re saving for your first home, you’ve probably asked yourself; ‘Is a Lifetime ISA worth it?’
Lifetime Individual Savings Accounts (LISAs) are sepcifically designed to help younger people save for their first home or for retirement. With a 25% government bonus for every £1 you save, it sounds like an enticing offer, and it is, in the right circumstances. But, as with every great offer, it comes with conditions and restrictions that if you don’t follow, you could find yourself worse off.
If you’re thinking about opening a Lifetime ISA as a first-time buyer, then download my factsheet first.
It’s a clear overview covering:
- What an ISA is
- Who can open one
- How it works
- What the restrictions are
- When it can work well and when it might not be the right product
The factsheet is completely free and will give you a great information foundation to start researching LISAs.
Download ‘Lifetime ISAs – a good way to get on the property ladder?’ factsheet
