Lifetime ISA penalties deferred

Posted on Jan.16, 2017 by in Latest News

The government has announced that the penalties resulting from the withdrawal of funds from LISAs before age 60 or for purposes other than the purchase of a first home will not apply until the tax year 2018/19. However, the Financial Conduct Authority has warned that these penalties would make LISAs unsuitable for anyone who might be likely to incur them.

Generation FS

Generation FS