Autumn Budget 2026: FTB ISA to Replace Lifetime ISA

Lifetime ISA to be replaced as John Healey makes major change to 'unfair' withdrawal penalty

First-time buyers will no longer risk losing part of their own savings simply because their chosen home costs more than the Lifetime ISA property limit.Chancellor John Healey confirmed in today’s Autumn Budget that the Lifetime ISA will be replaced by a new First-Time Buyer ISA, alongside immediate changes to the controversial withdrawal penalty.Mr Healey said: “For every young person who is working hard, saving what they can, and dreaming of th…

John Healey announces major change to ISA penalty rule

The Chancellor announced his first Autumn Budget on Wednesday

Healey plans Stocks and Shares ISA incentive as Reeves’ Cash ISA reforms ditched

Autumn Budget 2026: Chancellor reveals plan for ‘Starter ISA’

The UK Government will launch a ‘Starter ISA’ to incentivise new investors to buy into stocks and shares, in a Budget announcement today.

Autumn Budget 2026: Healey backs FTBs with new ISA plan

Chancellor John Healey confirmed the government’s backing for those looking to save a deposit for their first home, via the new First Time Buyer ISA from April 2029. The product will retain the generosity of the Lifetime ISA, allowing contributions of up to £4,000 a…

Autumn Budget 2026: FTB ISA to replace Lifetime ISA

Changes to the ISA penalty should mean buyers receive at least their original contributions back if the property costs more than the purchase limit.