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Savers can lose money with Lifetime ISAs, warns report
The Independent
|July 01, 2025
MPs have warned that those who invest in a Lifetime ISA may get back less money than they put into the scheme.
Lifetime ISAs are a product for first-time homebuyers or those wishing to save for their retirement that allow savers to deposit up to £4,000 per year under an arrangement that the government will top up the figure by an additional 25 per cent.
They can be opened by any adult under 40 in the UK, and contributions count towards each person’s overall £20,000 annual ISA allowance.
However, the dual nature of the product has long been a target of criticism, as have the complex criteria for using the funds, which have led to many people losing more than they initially deposit.
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