Martin Lewis says the saving scheme proved a big hit but is starting to penalise the very people it sought to help

It appears to be proving a hit with millennials and generation Z but has also come under fire for the “unfair” sting in its tail. The lifetime Isa is a scheme that helps people save towards their first home or for their retirement – its big selling point is the free cash you get from the government: up to £32,000 in theory.

But the way the scheme works penalises some people, and the consumer champion Martin Lewis is among those who have called for an urgent revamp.

Continue reading…Isas, Saving money, Savings, Savings rates, Pensions, Martin Lewis, Money, Property, UK newsRead More

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