Osborne’s fiscal rule. Fail.
Paul Mason

Hi Paul — stupid question about the lifetime ISA, that i assume there’s probably a simple answer to….

Not everyone has £4000 to save each year, but 25% is a massive return on investment — way above commercial rates of interest.

What is to stop someone without savings taking out a loan for up to 4k, either from a bank or a private loan and reaping the rewards? The £1000/25% provided by the government would be more than enough to pay off the interest and still retain a profit - or split the profits with the person who leant them the money (both would still get higher than commercial rate returns).

Am i missing something here?

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