What is a LISA or lifetime ISA?



2017-04-06T06:33:28.657Z
2017-04-06T06:33:28.657Z

Piggy Bank. HeyDanielle

The Lifetime ISA is a new investment product which is available from 6 April 2017. Its main appeal will be that it will allow savers to put up to £4,000 a year into the account and not have to pay tax on the interest. It's designed for young people who are saving for a deposit for a house, and for self-employed people who want to save for their retirement. However, few accounts are available at the time of launch.

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