Government 'putting barriers in the way' to advice for LISA savers

James Phillips
clock • 2 min read

The government has been urged to allow Lifetime ISA (LISA) savers to use their pots to pay for financial advice, putting the product on par with pensions and other ISAs.

The LISA, which launches to the public on 6 April, currently classifies adviser charge as a chargeable withdrawal, meaning savers will incur a 25% penalty if they access their savings for this reas...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Schemes could be overpaying tax on DB surplus refunds, advisers say

Schemes could be overpaying tax on DB surplus refunds, advisers say

HMRC position conflicts with legislation and trustees remain unwilling to launch challenge

Alex Levy
clock 26 October 2026 • 4 min read
Beneficiaries will not be left out of pocket over CSPS death benefit delays

Beneficiaries will not be left out of pocket over CSPS death benefit delays

Cabinet Office says it can’t waive tax charges but bereaved families will be treated fairly

Jonathan Stapleton
clock 23 October 2026 • 2 min read
DWP to change terminal illness definition for pension tax purposes

DWP to change terminal illness definition for pension tax purposes

Move will bring benefit and pension tax rules at end of life into closer alignment

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Trustpilot