6 February 2025
In response to the Treasury Committee’s inquiry into the Lifetime ISA, the PLSA highlighted that there are benefits to using a LISA for house purchasing and as a pension product although for most people, contributing to a workplace pension remains the best way to save for retirement. Our response touches on the possible reforms to the LISA including an examination of the house price cap and the contribution and age limits. As part of the committee’s inquiry, we also suggest that there may be merit in examining the whole range of ISA products to promote saver awareness and simplify the regime.