Thousands of Lifetime ISA savers slammed with multiple withdrawal penalties

City AM ·
United Kingdom

Thousands of Brits who saved into a Lifetime ISA were hit with multiple withdrawal penalties in a single tax year, as calls for the government to ensure the replacement product is fit for purpose grows. Roughly 45,000 savers were penalised for unauthorised withdrawals from Lifetime ISAs (LISA) in the 2024/25 tax year, according to an [...]

Read original article on City AM →

Related news