Ten years of bad decisions can be erased by two years of obsession. But most people would rather complain for another decade than lock in for 24 months.
By pure coincidence, Govt has just released its consultation on the new First Time Buyer ISA to replace LISAs. Some key take aways of the proposals, which of course can change
1. It will only be for FTB not pensions
2. LISAs still stay open until then and will continue indefinitely if opened in time
3. Property price will be capped, but no idea at what level.
4. Contributions will get a bonus but again the levels aren't in the consultation
5. Will be cash & shares versions
6. Help to Buy ISAs can be transferred into it
7. LISAs can't be transferred into it (as they already have the bonus)
8. The bonus will be paid at exchange, so withdrawal before then won't have a penalty
9. They "may" align its property threshold with LISAs and H2B, but I suspect that will only happen if the new threshold is over £450,000
10. Don't know if property threshold will rise with inflation (as it should)
In essence it looks far more like the H2B ISA used to be except you can put in lump sums and bonus comes at exchange not completion. Consultation closes mid August, my guess is this'd prob come in next budget for April 2027 (but who knows could be a diff chancellor before then).
You can ask questions on this too.
@CedrickMulamba9 Bro said Naruto, religious genjutsu lol. Anyone who needs TikTok to finally realise all these fairy tales are some bogus fictions.. in 2026 lol. I feel sorry for you. Entire populations, colonised during the dark ages, with these opium pipe dream tales. Still under the spell, smh