Understanding Lifetime ISAs

This chapter explores the Lifetime Individual Savings Account (LISA), detailing its eligibility criteria, contribution limits, and the benefits of a 25% government bonus on savings. The speakers address penalties for early withdrawals and the implications for first-time homebuyers, fostering a conversation about fairness and accessibility in using these accounts. Additionally, they compare Lifetime ISAs with Help to Buy ISAs to provide listeners with insight into the best options for saving towards a home.