Rachel Reeves Proposes New Cash Withdrawal Rules and Replaces Lifetime ISA with First Time Buyer ISA Thursday, June 25, 2026 lifetimeisa firsttimebuyer homeownership treasury rachelreeves withdrawalpenalty housingmarket financialplanning isareform savings Rachel Reeves has announced plans to scrap the Lifetime ISA (LISA) due to widespread dissatisfaction over hefty withdrawal penalties that have burdened savers with charges exceeding £10,000. The Treasury is set to replace the … Read More