Oksana Koneva

Martin Lewis: Young adults advised to open Lifetime ISA after budget changes

Martin Lewis: Young adults advised to open Lifetime ISA after budget changes
Lewis urges 18 to 39s to open ISA

Martin Lewis recommends that people aged 18 to 39 open a Lifetime ISA with at least £1 if they have not already done so, following the recent budget. The Finance Commentator and MoneySavingExpert founder explains that opening an account starts the one-year clock required to receive a government bonus and provides more options.

Lewis has recently highlighted that U.K. banks are providing up to £600 in free cash ahead of Christmas, as noted in his recent podcast. In another post, he pointed out that short-dated UK gilts held to maturity may yield up to 8% if taxed, while cautioning about risks involved, according to his analysis of gilt products. His financial updates continue to focus on practical options for savers.

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