Autumn statement 2023 – will Lifetime ISAs change?
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We take a look at the rumours around Lifetime ISAs, their drawbacks and what we’d like to see in this year’s autumn statement to make them better.
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
Published on 7 November 2023
It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.
Rumours are swirling that we’ll see big changes to the ISA regime in the upcoming autumn statement.
One of those rumours is that Chancellor Jeremy Hunt will increase the value of a home that can be purchased using a Lifetime ISA (LISA) from its current £450,000 limit.
If this is true it could help a lot of first-time buyers, especially those in the south who might otherwise be struggling to find a home worth less than this. However, changes to the LISA could also help transform retirement prospects too.
This article isn’t personal advice. Pension, ISA, and tax rules can change, and any benefits depend on your circumstances. If you’re not sure what’s right for your circumstances, ask for financial advice.
The LISA was first introduced to help young people save for their first home or for later life. You can add up to
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