Hi guys, just a simple one this time:
Don't know how often this is discussed, but whom are your favourite providers of Lifetime ISAs?
I know they're pretty rare, and I've actually only found one so far (Onefamily) and their rates seem pretty high at least to me - they take 1% annual management charge, as well as 0.3% for "Investment expenses", and I'm not sure on the frequency of that. Is it just me or is that high?
If you max that out over a year, your £4,000 + £1,000 is being reduced by £50 every year. Meaning your actual max input per year is £3,960 + £990 (£4950). Obviously this is then multiplied by how many years you invest (it'll be a lot for me).
Maybe I'm thinking about it wrong, or maybe those numbers aren't as bad as I think they are. Whom is your favourite provider of LISAs - or, for that matter, ISAs - especially if you use more than one provider for these different accounts for a specific reason.