A report by MPs says the product needs to be reformed and many savers who have been in touch tend to agree.

The savings account can help you put money away for your first home and your retirement but has faced criticism ...

Some people who pay into a Lifetime Individual Savings Account (LISA) may end up getting less money out than they put in, MPs ...

You can save up to £4,000 a year in a Lifetime Isa and get a 25% top up on contributions. Here's how Lifetime Isas work, what ...

A cross-party group of MPs said that the complexity of lifetime ISAs increases the risk of people making poor financial ...

Lifetime Individual Savings Accounts raise the risk of people making poor financial decisions, according to a report by an influential committee of UK MPs who questioned whether the tax-free savings ...

The Treasury Committee said the design of the Lifetime Isa may be diverting people away from more suitable products.

The payments into the pension are also not subject to income tax or national insurance (NI), unlike payments into LISAs, ...

Lifetime Isa bonuses are set to cost £3billion in the next five years, and MPs have questioned whether this is the best use ...

The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a ...

The government must remember the Lifetime Isa is a “powerful weapon” for first time buyers, those in the industry have said.

The report added: “If the Government is unwilling to equalise the treatment of the Lifetime Isa with other ...