💡 Hey, future-savvy savers! Martin Lewis is talking to YOU if you’re between 18 and 40. 🎉 Big changes are afoot, and you don’t want to miss out!
If you haven’t already, Martin strongly recommends opening a Lifetime ISA (LISA) or a Help to Buy ISA. Here’s the scoop:
🔸 The Government is planning to replace Lifetime ISAs with something new aimed solely at first-time buyers. These changes mean that you won’t be able to tap into this juicy 25% bonus for retirement savings once you hit 60. So, if you’ve been sitting on the fence, now’s the time to act!
🔸 Why throw in just a pound? Simply opening the account before the changes kick in gives you flexibility. Once open, the clock starts ticking, and in a year’s time, you can deposit up to £4,000 to snag that £1,000 bonus for home buying. 🏠
🔸 Retirement strategy? Yes, workplace pensions are usually better. But the LISA has been a nice option for some. With the new changes coming, it might not be available for retirement savings in the future.
💡 Martin’s point? For minimal cost, you’re keeping your options open. Worst case, pulling your quid out costs you just 6p!
Thinking ahead has rarely cost so little. Who knows, that £1 today might just pave a way for a bigger bonus down the line! 💰
Want more of Martin’s savviness? Stay informed! Follow for updates and seize the opportunity while you can! ✨