4min chapter

The Martin Lewis Podcast cover image

ISAs, ISAs, baby... cheap flights and pensions boost

The Martin Lewis Podcast

CHAPTER

How to Save for a First-Time Buyer

Lysas or lifetime ISAs can only be opened if you are aged 18 to 39. For every four grand, every year you max it out and put four grand in, you would get a thousand pounds from the state to use towards a first-time property. You must have never owned a home before for that to work. The home that you're buying must cost under £450,000. I think it's an outdated rule and they either need to increase the threshold or change the penalty I'm going to talk about later. And another question before we go to Janet, when do you get the 25% on a lifetime ISA, Martin? Ooh, that is an interesting

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