What is the Lifetime ISA?
It’s a new product, designed by the government to help you buy your first home or save towards your retirement. With the Lifetime ISA, you can pay in up to £4,000 per year and you get a 25% government bonus on all savings. That means for every £4 you save, you get £1 for free. If you pay in the maximum £4,000 you’ll receive a £1,000 bonus. Over time, these bonuses could give you a real head start.