Help to Buy ISAs (ISA)
More than 500,000 savers have opened Help to Buy ISAs after being told by George Osborne that it provided “direct government support” for those saving for a deposit, as a way of getting “Generation Rent” on to the housing ladder. It emerged late last week that these savings will not be able to be used as part of the initial deposit for their home purchase (ISA).
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Workplace Isa labelled “worst idea this year”
Members of the financial services industry have responded critically to proposed features of a Workplace Isa, unveiled by the Centre for Policy Studies