Ask an Adviser: your money questions answered

By Rupert Lovesy

We're excited to introduce a new monthly feature - Ask an Adviser: Your Money Questions Answered.

This is your opportunity to ask any questions, gain insights, and receive practical guidance tailored to your needs. Whether you're considering how to help your children get on the property ladder, or need clarification on key topics like wills, funding education and care costs, our experts are here to help. 

In this inaugural edition, we're focused on savings. Rupert Lovesy answers the question:

"Given the recent changes in legislation, is it still worth investing in a Lifetime ISA? What is likely to happen to them?"

"Yes, a LISA can still be worth using (depending on your goals and timescale).

The Government intends to consult on a replacement product in 2026, so any new option is unlikely to arrive before around 2028. Some suggestions indicate this may focus only on first‑home purchases, with the retirement option removed. The bonus may be paid at the point of purchasing a first property rather than when you pay money in, avoiding today’s withdrawal penalties.

Because there is an annual contribution cap, waiting for a future product is unlikely to make sense for most people. In many cases, saving and investing now is more effective.
If the existing LISA suits your current plans (see my Are Lifetime ISAs really worth it? article), there’s no strong reason to stop contributing. Especially as this may be the last chance to receive the bonus upfront and benefit from growth on the full amount. It’s also very likely that existing LISA rules will be preserved for accounts already open."

Written by Rupert Lovesy

 

Have something on your mind? We'd love to hear from you - please submit your questions and be part of the conversation here.

 

Information is accurate as of 24.04.2026. Opinions constitute the adviser's judgement as of this date and are subject to change without warning. This material may not be distributed, published or reproduced in whole or in part. With investment, capital is at risk.