# Burnham is wrong to scrap the Lifetime ISA

- URL: https://talkfuse.com/story/burnham-is-wrong-to-scrap-the-lifetime-isa/
- Published: 2026-11-10T05:00:00+00:00
- Updated: 2026-11-10T05:24:00+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/burnham-is-wrong-to-scrap-the-lifetime-isa/
- Topics: Business, Government, Politics

## Key points

- The author says the upgraded LISA should be kept.
- More than 417,000 first-time buyers have used it.
- Delaying the bonus could mean £3,606 less growth over ten years.

## Summary

The article argues that the government should keep and improve the Lifetime ISA (LISA) rather than replace it with a proposed First-Time Buyer ISA in 2029. Its author says the LISA has helped hundreds of thousands of first-time buyers and can also support retirement saving, so removing it could narrow people’s choices.

The Budget reduces the withdrawal penalty for first-time buyers purchasing homes above the £450,000 price cap. The proposed replacement would be open to first-time buyers aged 18 and over, keep the £4,000 annual contribution limit and offer a bonus of up to £1,000 a year, capped at £20,000, paid when a home is bought. The author estimates that paying the bonus only at purchase could cost a typical saver £3,606 in compound growth over ten years; the article also says the LISA has helped more than 417,000 buyers purchase £67.5bn of property.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.