HMRC is Fining Lifetime ISA Savers For Withdrawal Rule Breaks
Posted on October 23, 2026 by Samuel Turner
HMRC is fining Lifetime ISA savers for withdrawal rule breaks by charging 25% on any money taken out early for a reason the rules do not allow. Because the charge applies to your whole pot, you lose the government bonus and 6.25% of your savings too. Freedom of Information data shows that 45,000 savers were […]