01:20Martin Lewis has issued an important financial warning to people aged between 18 and 39.The Money Saving Expert has urged those in the age group who do not have a Lifetime ISA (LISA) to “get a pound in one now”, before the account is replaced by the new First Time Buyer (FTB) ISA in April 2028. The FTB ISA will allow people to save for a property or for retirement, as well as receive a 25% government bonus on up to £4,000 of savings.Mr Lewis has urged those eligible to register for a LISA before it’s too late. “If you've already got one open, even with just a quid, you can continue to use it,” he explained.“That's important because what they're suggesting is for first-time buyers, you'll be able to get the bonus on a LISA and the new first-time buyer ISA.”Up next
Martin Lewis urges 18-to-39s not to miss £1 opportunity
Martin Lewis has issued an important financial warning to people aged between 18 and 39. The Money Saving Expert has urged those in the age group who do not have a Lifetime ISA (LISA) to “get a pound in one now”, before the account is replaced by the new First Time Buyer (FTB) ISA in April 2028. The FTB ISA will allow people to save for a property or for retirement, as well as receive a 25% government bonus on up to £4,000 of savings. Mr Lewis has urged those eligible to register for a LISA before it’s too late. “If you've already got one open, even with just a quid, you can continue to use it,” he explained. “That's important because what they're suggesting is for first-time buyers, you'll be able to get the bonus on a LISA and the new first-time buyer ISA.”
