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- A Lifetime ISA (LISA) is a tax-free savings account that gives a 25% bonus if used for retirement or to buy a first home1234. It is a type of savings account that was designed specifically for people aged 18-39 who are saving for their first home or retirement53. The LISA is a government-backed initiative designed to encourage individuals to save for two significant life events: purchasing their first home and retirement2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A Lifetime ISA (LISA) is a tax-free savings account that gives a 25% bonus if used for retirement or to buy a first home.www.moneyhelper.org.uk/en/savings/types-of-savi…The LISA is not just any savings account; it's a government-backed initiative designed to encourage individuals to save for two significant life events: purchasing their first home and retirement. Here's how it works: Government bonus: For every £4 you save, the government adds £1, up to a maximum of £4,000 per year.www.moneysupermarket.com/savings/lifetime-isas/A LISA is a form of Individual Savings Account, only available to UK residents who are aged between 18 and 39 to help people save for their first home or put money aside for their retirement. The government will add a 25% bonus based on the contributions paid into the account each year.eqi.co.uk/info/lifetime-isa/explainedA Lifetime ISA (LISA) is a dual-purpose ISA, designed to help those saving for a first home and retirement.www.barclays.co.uk/savings/isas/guide-to-lifetime-i…What is a Lifetime ISA (LISA)? A LISA is a type of savings account that was designed specifically for people aged 18-39 who are saving for their first home or retirement.www.skipton.co.uk/savings/isas/lifetime-isa
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