People using the Lifetime ISA to save for a first home, or to boost their retirement income, may be sacrificing thousands of pounds to avoidable management fees. But lower cost alternatives are available. The Lifetime ISA (LISA) has been a godsend for first-time buyers, offering the fastest way to save a deposit for a first … Continue reading “Lifetime ISA investors losing out to high fees”
Tag: LISA
How to save up a deposit in 6 years (or less)
Saving a deposit for your first home can seem like a mountain to climb. However, if you approach this challenge in the right way you’ll find it can be conquered – just as mountains can be. There’s a cruel paradox at the heart of the housing market, which is that it’s usually more expensive to rent … Continue reading “How to save up a deposit in 6 years (or less)”
Get up to date on ISAs
Despite low interest rates, ISAs are still popular with savers, and with the financial year ending at the start of April, time is running out to maximise your annual allowance. But opening up an ISA is no longer as simple a decision as it used to be. Here’s a quick guide to recent rule changes, … Continue reading “Get up to date on ISAs”
Will the Lifetime ISA help you buy your first home?
There’s a new ISA in town: the Lifetime ISA. Designed to help both first-time buyers and people saving for retirement, it’s certainly an ambitious idea – but does it deliver, and what are the drawbacks? Let’s take a look at this ISA’s finer points. If you’re a 20-something or 30-something in the UK today, you … Continue reading “Will the Lifetime ISA help you buy your first home?”