The Government has not gone far enough on improving the Lifetime ISA and has a chance to “think again” at November’s Budget, the head of an influential group of MPs has said.

The Treasury Committee, a cross-party panel of parliamentarians, has repeatedly called for reforms to the Lifetime ISA (LISA), which is a savings product for people aiming to save for retirement or to buy their first home.

But its chair, Dame Meg Hellier, has said that the product is still “confused” and requires further reform ahead of the Budget set to be held in November. New Feature

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The LISA allows people to save up to £4,000 a year – in cash or investments – and receive a 25 per cent top-up from the Government, but a report from the Treasury Committee in

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