The Lifetime ISA, or LISA, is the latest tax-efficient savings plan from the government.
The Lifetime ISA rules are quite complex, but if you are a millennial keen to save for your first home, or if you are thinking about putting money aside for retirement, a LISA could be a good option.
And with a stocks and shares LISA, you have the opportunity to invest in stock market assets, rather than in a cash saving scheme.
Stocks and shares are more risky than cash, as the value of your investment can go down as well as up. But the flipside is that your investment has the potential to perform better than a cash deposit. Just remember that, with stocks and shares, nothing is guaranteed.
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