Over 15,000 cash Lifetime ISAs opened

Former_MSE_Megan_F
Former_MSE_Megan_F Posts: 418
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edited 19 June 2017 at 4:05PM in ISAs & tax-free savings
The first cash Lifetime ISA has already proved popular with savers, with thousands opened in the first week of its launch. ...
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’ 'Over 15,000 cash Lifetime ISAs opened' '
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Comments

  • eskbanker
    eskbanker Posts: 30,225
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    You'd obviously expect the first product to market to attract a decent level of interest, especially given the widespread mistrust of S&S (which, in the context of saving for a property deposit, isn't unreasonable) but just for some context there were 338,800 first-time buyers last year, according to https://www.cml.org.uk/industry-data/key-uk-mortgage-facts/
  • dunstonh
    dunstonh Posts: 115,904
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    Lets hope not many of those 15,000 are using them for retirement planning.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • veryintrigued
    veryintrigued Posts: 3,843
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    Be interested to know what this equates to in terms of the money that's been deposited.
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