Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleMartin Lewis has issued an urgent financial warning to individuals aged between 18 and 39. The Money Saving Expert advises those without a Lifetime ISA (LISA) to open one immediately, even with a nominal amount. This recommendation is due to the LISA being replaced by the new First Time Buyer (FTB) ISA in April 2028. Having an existing LISA will allow users to continue utilising it and potentially combine bonuses with the new FTB ISA. The forthcoming FTB ISA will provide a 25 per cent government bonus on savings up to £4,000, applicable for either property purchase or retirement. In fullMartin Lewis urges 18-to-39s not to miss £1 opportunityThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

The First Time Buyer ISA would give savers a bonus when purchasing their first home, similar to how the Lifetime ISA works

The government has confirmed it is replacing the hotly debated Lifetime ISA with a new product aimed solely at first time buyers

The government is changing the rules around cash ISAs and launching a new first-time buyer ISA - but is it all becoming a bit too much for people to get their heads around?

The personal finance expert said everyone turning 18 should do this within days of their birthday

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