Martin Lewis on Lifetime ISAs | This Morning

What are Lifetime ISAs, how do they work and who should get one? Martin Lewis has the answers after the first CASH Lifetime ISA was launched last week.

[@becky2235]

So if youre left psrt of a house as inheritance can you use it to butly out the people who just want the money can you use the money to buy them out

[@rob-890]

Schof mad for the d

[@mra6400]

Holly is actually pretty tbf

[@eduardgstae2246]

He is lying a little bit, you don't loose 6%. You loose extra 25%

[@lord_kek]

yes he said that you lose 6% of everything YOU put in

[@beefy1237]

It's spelt lose

[@AH-hv6tn]

He is right. 6% is the net amount you lose when you withdraw. When you put 100, you’ll get a bonus 25, so your total will be 125. If you withdraw that 125, you lose 25% of that (which is 31.25), and end up getting only 93.75. That’s the 6% loss on 100 he is talking about. This calculation works out for any amount you put in.