Listen: how lifetime ISAs can lock in your future fortune

New research has revealed that first-time buyers are not only using the Lifetime ISA (LISA) to help them get on the property ladder but also to develop better financial habits and boost their savings.

Despite inflationary pressures, new figures from Moneybox show a steady increase in LISA balance, with savers putting away approximately 8% more year-on-year before withdrawing funds for their home.

As The Treasury Committee reviews evidence, Moneybox is calling for the Lifetime ISA not to be scrapped, especially as they have seen a 38% increase in new accounts opened in 2024, illustrating the critical role the scheme is playing in helping people to buy a home of their own.

James spoke to Bethan.

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