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DIY investor: Dilemma of a lifetime

The attractions of Lifetime ISAs are obvious—but there are drawbacks, too

By Andy Davis   April 2017

© Joe Giddens/PA Wire/PA Images

In early April, the ever-expanding Isa family will spawn another member—Lisa, the Lifetime Isa. Anyone aged between 18 and 40 will be able to open a Lisa and benefit from a government promise that for every £1 they put in, up to a ceiling of £4,000 per tax year, the state will add a 25 per cent top up, worth up to £1,000. Provided the resulting fund is used to buy a first home (for no more than £450,000) or is saved for retirement, the…

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