My view on the Lifetime ISA has always been that a) it’s too complicated b) there are other less complicated ways of doing the same thing and c) a future Chancellor will ditch it. Not sure how soon a ‘future Chancellor’ will arrive but, for once looks like I may have been right about something.
“FCA proposes basic savings rate for cash accounts”
It’s not a big step from the imposition of a minimum interest rate to the recently-much-discussed idea of providing a the same, State-paid tax-free salary for everyone; from Elton John and David Beckham to their chambermaids’ unemployed younger brothers (see Utopia...