Lisas limp on, but savers are missing out

Lifetime individual saving accounts have hardly been a roaring success. In the 2017-2018 tax year, the average contribution was £3,114 per account, £400 lower than expected.

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(Image credit: sturti)

Lifetime individual saving accounts (Lisa) have hardly been a roaring success. In the 2017-2018 tax year, 166,000 Lisas were opened, according to data from HM Revenue & Customs. This is well down on its forecast of 220,000. In addition, the average contribution was £3,114 per account, £400 lower than expected.

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