Lifetime ISA demand exceeds expectations

Lifetime ISA providers are seeing investors who are just under the maximum age limit pile into the new savings vehicle to keep the door open for the government bonus later on.

According to the handful of providers in the market, since April 6, demand for the controversial savings product has breezed expectations.

The under 40s are able to claim a 25% government bonus on contributions up to £4,000 a year.

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