Lifetime ISAs leave some with less money than they put in

MPs warn some may end up with less money than they put in Lifetime ISAs, calling for reform of the product. Under-40s can open a LISA to save for retirement or a home, with the government adding 25% on contributions. The Treasury Committee highlights concerns such as high withdrawal charges and complexity, suggesting the product may not suit everyone and could have been mis-sold to certain individuals. Discussions are ongoing on potential reforms to improve ISAs and ensure they are a viable savings option.