The savings account,introduced in the budget, will succor first-time buyers and the self-employed – but a workplace pension is still the most tax-efficient way to saveA free handout of up to £32000 in cash from the government is, or it has to be said,the sort of offer that grabs your attention. That’s the carrot George Osborne held out to younger people this week - presumably in an attempt to placate Generation Ys anger approximately never being able to afford to buy a house and having to work until they drop because they occupy been shafted on pensions.
But does the new lifetime Isa stand up to scrutiny? Here are four reasons why you should take one out, and two reasons you shouldn’t.
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Source: theguardian.com