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Guide to the LISA

12th July 2016

In the March 2016 Budget, the Chancellor announced major improvements to Individual Savings Accounts (ISAs) with the introduction of a new Lifetime Individual Savings Account (LISA) from April 2017, designed to help young people save flexibly for the long term throughout their lives.
The aim is to help them simultaneously save for a first home and for their retirement without having to choose one over the other.

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