Lifetime ISA

3rd Apr 2017

The end of the tax year is now only 2 days away.

From the start of the new tax year the Lifetime ISA will be available.

The Lifetime ISA will allow adults between the ages of 18 and 39 to open a Lifetime ISA and invest up to £4,000 each year and receive a bonus of up to £1,000 a year on their contributions until they turn 50. Funds can be withdrawn tax-free to put towards a first home or saved for later in life.

The ISA allowance will also be increased from £15,240 to £20,000 per annum.

If you need any assistance with ISAs, please do not hesitate to contact the team.