
The First Time Buyer ISA replaces the Lifetime ISA for new savers from April 2029, with a 25% bonus paid when you buy, no age limit and no withdrawal charge. Here is the final design, what stays the same, and what it means if you already hold a LISA.

The Lifetime ISA hands you a 25% government bonus, up to £1,000 a year, towards a first home or retirement. But the 25% withdrawal penalty is harsher than it first looks, the £450,000 property cap has not moved since 2017, and for many savers a pension still wins. Here is exactly how the LISA works…
Sign up with your email address to receive our weekly news