Don’t get seduced by LISA

closeup of woman's finger in mousetrapThe financial press has been awash with articles about the mysterious ‘LISA’ ever since George Osborne delivered his Budget a couple of weeks ago. There are however mounting fears though that ‘LISA’, otherwise known as the significantly less catchy Lifetime Individual Savings Account, could seduce some people, only to leave them worse off in retirement. Who, or what, is LISA? LISA or the Lifetime ISA, is the brainchild of George Osborne and will allow anyone aged 40 or under to save for a deposit on their first home ...