Handbook changes to reflect the introduction of the Lifetime ISA

Published on 24 January 2017

The LITRG welcomes the opportunity to respond to some of the questions in this Financial Conduct Authority consultation on handbook changes to reflect the introduction of the Lifetime ISA. Our main concerns centre around the tax differences between saving in ISAs and saving in pensions, presenting the average saver with an almost impossible decision; complex calculations will be needed involving the relative advantages of the two routes. Furthermore, the taxed input into the proposed LISA can vary to the disadvantage of the saver whose salary increases so that they become a higher rate taxpayer. 

Handbook changes to reflect the introduction of the Lifetime ISA – LITRG response
©shutterstock/Shahril KHMD

The LITRG submission can be found here: PDF icon Handbook changes to reflect the introduction of the Lifetime ISA – LITRG response

(24-01-2016)

Contact:Paddy Millard (please use form at /contact-us) or follow us on Twitter: @LITRGNews