Retirement option to be scrapped in overhaul of Lifetime ISA

cityam

Jan 28

LISAs are set to be overhauled The government is set to scrap the option to save for retirement in its replacement for the Lifetime ISA.The new savings product will only be available for first time ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2606794385"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2606794385\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2606794385?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2024/08/house-facades-510514_1280_83b54f.webp.jpeg?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-01-28 17:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2606794385","market":"us","top_or_hot":-1,"title":"Retirement option to be scrapped in overhaul of Lifetime ISA","media":"cityam","content":"<div>\n<p>LISAs are set to be overhauled The government is set to scrap the option to save for retirement in its replacement for the Lifetime ISA.The new savings product will only be available for first time ...</p>\n\n<a href=\"https://www.cityam.com/retirement-option-to-be-scrapped-in-overhaul-of-lifetime-isa/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Retirement option to be scrapped in overhaul of Lifetime ISA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRetirement option to be scrapped in overhaul of Lifetime ISA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-28 17:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/retirement-option-to-be-scrapped-in-overhaul-of-lifetime-isa/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LISAs are set to be overhauled The government is set to scrap the option to save for retirement in its replacement for the Lifetime ISA.The new savings product will only be available for first time ...</p>\n\n<a href=\"https://www.cityam.com/retirement-option-to-be-scrapped-in-overhaul-of-lifetime-isa/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCUT","symbol_name":"生活时光品牌家具","start_time":0,"source_url":"https://www.cityam.com/retirement-option-to-be-scrapped-in-overhaul-of-lifetime-isa/","article_id":"2606794385","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/08/house-facades-510514_1280_83b54f.webp.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/retirement-option-to-be-scrapped-in-overhaul-of-lifetime-isa/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2606794385","pubTimestamp":1769592323,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"LISAs are set to be overhauled The government is set to scrap the option to save for retirement in its replacement for the Lifetime ISA.The new savings product will only be available for first time buyers and will no longer pay the government’s 25 per cent bonus on a monthly basis, as part of the Treasury’s bid to simplify the ISA system for consumers.The bonus will instead be paid as a lump sum at the point of purchase of a first home, meaning savers will no longer be able to benefit from interest payments and investment returns which are accumulated over the duration an ISA is held.A Treasury spokesman told The Telegraph that it was “consulting on a new and improved product, specifically designed to support first-time buyers and without penalty for withdrawals”.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCUT":"生活时光品牌家具","BK4180":"家用器具与特殊消费品"},"translate_title":"终身ISA改革中将取消退休选项","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCUT":1.5},"content_text":"LISAs are set to be overhauled The government is set to scrap the option to save for retirement in its replacement for the Lifetime ISA.The new savings product will only be available for first time buyers and will no longer pay the government’s 25 per cent bonus on a monthly basis, as part of the Treasury’s bid to simplify the ISA system for consumers.The bonus will instead be paid as a lump sum at the point of purchase of a first home, meaning savers will no longer be able to benefit from interest payments and investment returns which are accumulated over the duration an ISA is held.A Treasury spokesman told The Telegraph that it was “consulting on a new and improved product, specifically designed to support first-time buyers and without penalty for withdrawals”.\n\nThe new product will not carry a withdrawal penalty but it is unknown if the property value threshold will be changed.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe new product is set to launch in April 2028, with the existing LISA model available for use until then.Current LISA rulesThe current product, which was launched in April 2017, allows individuals aged 18 to 40 to contribute £4,000 tax free each year, until they hit the £20,000 ceiling, to either put towards the purchase of a first home or use for retirement, and grants a 25 per cent tax free bonus.Under the current rules, withdrawals are enabled for properties valued under £450,000 or for retirement upon the saver reaching 60.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}