Pls share if you support.
Many young people are paying £100s/£1,000s fines to the govt to access money they saved to buy a first time house. It's time to #EndLISALockout
Today I've contacted the Chancellor @Jeremy_Hunt to ask him to fix Lifetime ISAs in the autumn statement. They're now a dead duck for many 1st time buyers especially in urban areas.
The LISA can be opened age 18-39 and then it gives savers a 25% bonus up to £1,000 a year towards a housing deposit. It should be great (& is for many).
Yet LISAs launched in 2017 with a £450,000 cap on the property you could use them for. That cap is still the same now, but house prices have gone up 33%. That leaves some who've saved squeezed out. Eg.
You saved the max in a LISA for 5yrs:
- You put in £20,000, state added £5,000, so you've £25,000
- Yet the home you wanted & saved for is now just above the threshold.
- So now you face a 25% penalty to withdraw your money, so you get only £18,750 back that's £1,250 less than you put in, and the different goes to the state.
My ask to the Chancellor is simple. Either wipe the fine for those buying houses above the threshold or raise the threshold in line with house price rises (or both).
Full info https://t.co/JJCaXv1aLo
Does anyone have any contacts with any kitchen suppliers/fitters who might like to donate a piece of worktop and a few cupboards to our very lovely, very worthy, very grateful little school? If so, please call our Julie on 01234 352721. Thank you! (Pls retweet!) ❤️🌈
The government of Pakistan estimates that a third of the country – an area the size of the UK – is under water. Schools, roads, crops and livelihoods are gone and conditions are expected to worsen as the rains continue.
Donate now to the DEC Pakistan Floods Appeal.
Two thousand words of barely repressed fury on why the new abortion laws in Texas -which don't so much ban abortion as enforce motherhood - are wholly destructive for literally everyone: https://t.co/BlzAYkWKfw
the human had another video call today. but this time. they put me in front of the screen. gave me their headset. and walked away. it may have been a joke to them. but this is exactly the promotion. i have been waiting for
Six years today since Rik Mayall died. I think this is my favourite performance of his - he sees he's being secretly filmed, and just starts ... Rik-ing: https://t.co/HruzKSbJMt