READER QUESTION

Q

I want to start saving up to buy my first home. Can you tell me more about Lifetime

ISAS?

A R. Taylor, London. You can use a Lifetime ISA to buy your first home or to save for retirement, and you must be aged 18-39 to open one. You can put in up to £4,000 each year until you’re 50 and the Government will add a 25% bonus to your savings, up to a max of £1,000 per year. For more info visit gov.uk/lifetime-isa