LISA early withdrawal penalties triple to £33m

 

Lifetime ISA (LISA) early withdrawal charges rose by more than 300% to £33m in the 2020/21 tax year, according to a Freedom of Information request.

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£75bn into adult ISAs in 2019/20

Savers paid £75bn into 13m new adult ISAs in the 2019/20 tax year, a rise of £7.1bn year-on-year, according to the latest ISA statistics from HMRC.

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LCF victims get green light for ISA reinvestment

HMRC has given London Capital & Finance (LCF) ISA investors the green light to reinvest their Financial Services Compensation Scheme (FSCS) compensation payments into a new or existing ISA. 

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Less than half of Britons using full ISA allowance

Only 47% of Brits with more than £50,000 of investable assets are using the full annual ISA allowance, new research reveals.

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