Martin Lewis has urged people to open a Lifetime ISA that could earn them a bonus of £1,000 per year. During the last episode of The Martin Lewis Money Show Live, the financial guru explained how anyone aged between 18-39 can open a LISA, with as little as a £1 deposit.
He also shared how the savings accounts are a great way for people to get on the property ladder or bulk up their pension. Martin told viewers: “You can out £4,000 per tax year in a Lifetime ISA, you can only open this if you’re aged 18-39, once it’s in, if you’re using it to buy your first home, you get a 25% boost on top of it, equally, if you leave it until you leave it until aged 60 for retirement, as long as it’s a qualifying house that costs under £450,000.” The.
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