Money Saving Expert Martin Lewis has said that millions of Brits are missing out on making an extra £1,000 each year.Speaking on Good Morning Britain, he said: "If you're aged between 18 and 40 you're able to open a lifetime ISA."So you can put £4000 per year in and the state will add £1000 on top of that and you can do that each year."To buy a house the house has to cost less than £450,000 and you'll have to have had the account for more than a year before you can use it."He continued: "The only issue would be, if in future you decided to withdraw the money, not for a house, you would effectively pay a 6.25% penalty on that."Or you could leave the money in there until you were 60 and then you can use it penalty free."But as long as you're.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.