Lifetime ISA

[DimPrawn]

Is this disguised "helicopter drop" money designed to prop up the rampant property market?

[VectraMan]

Is this disguised "helicopter drop" money designed to prop up the rampant property market?

Yep. Somehow the extra £1000s will all end up in the pockets of BTL landlords.

[PurpleGorilla]

I will be 1 month and 5 days too old.

Whats the magic date?

[AtW]

"And we’re going to consult with the industry on whether, like the American 401K, you can return money to the account to reclaim the bonus – so it is both generous and completely flexible."

... and that is yet another sign that this is what will become of "pensions" - he was going to pull the trigger on total removal of pension relief (it's only fair!), but decided to hold the horses until referendum is over, so limited Lifetime ISA to very small amount for under 40s who got no spare money to save anyway...

[AtW]

£5k per year is probably not far off what regular folk put in their pensions?

0 won't be far off...

[AtW]

Is this disguised "helicopter drop" money designed to prop up the rampant property market?

This will be "helicopter drop" money into Gidiots bottomless pockets...

[Andy2]

Is this disguised "helicopter drop" money designed to prop up the rampant property market?

UK economy is based on properties. We don't make stuff we sell each other properties.

[SueEllen]

... and that is yet another sign that this is what will become of "pensions" - he was going to pull the trigger on total removal of pension relief (it's only fair!), but decided to hold the horses until referendum is over, so limited Lifetime ISA to very small amount for under 40s who got no spare money to save anyway...

Under 40s put very little money into pensions anyway.

It's when people hit middle age e.g. around 40 they realise they are going to get old and start saving.

Gidiot is quite clever on this one as when future chancellors remove pension relief from all the current under 40 age cohort they won't be able to complain.

[unemployed]

Yep. Somehow the extra £1000s will all end up in the pockets of BTL landlords.

They have more to worry about when georgie boy needs some more tax