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Aspiring first-time buyers will again be charged their own money to raid their house or retirement deposits if they run into financial difficulty and need access before they can claim benefits.
All the action in todays’ Budget 2021 lay elsewhere as the small print revealed ISA annual subscription limits remain unchanged for 2021-22.
The Government has been forced to address plans to begin charging aspiring first-time buyers their own money to raid their house deposits if they run into financial difficulty.
Hargreaves starts petition to reduce Lisa exit penalty By Daniela Esnerova 29 th January 2021 7:30 am Hargreaves Lansdown has launched a petition calling on the government to permanently reduce the Lifetime Isa withdrawal penalty from 25 per cent to 20 per cent. “While lots have benefited from a Lifetime Isa, we think there’s always been a key issue with them. The government’s high exit penalty,” Hargreves writes. If an investor wishes to withdraw their money from a Lifetime Isa before they are 60, they have to pay 25 per cent of the withdrawn amount. The c...
Published: 12:01 AM January 14, 2021 Greater Anglia is expected to reduce the number of trains it runs over the next few weeks. - Credit: Charlotte Bond The government and rail industry has signalled that more service cuts are on the way as lockdown continues - but Greater Anglia is still looking at what trains to take out of its timetables. The Rail Delivery Group and Department of Transport has advised people who do need to travel by train over the next few weeks to study online timetables regularly because there are likely to be major changes as services are reduced. People can again ...