Quilter urges UK to pay First Time Buyer ISA bonuses upfront, avoid LISA-style penalties

• Quilter urged the UK government to design the proposed First Time Buyer ISA around simplicity, clarity, flexibility for home purchases.
• Sam Christopher said the Lifetime ISA’s dual purpose for housing, retirement created confusion that undermined take-up.
• Called for bonuses to be paid as contributions are made, allowing investment growth on bonus payments before purchase.
• Opposed repeating the Lifetime ISA withdrawal penalty; government could reclaim bonuses, not reduce savers’ own funds.
• Suggested avoiding a fixed house price cap; instead limit the total government bonus to manage costs, reduce regional pricing distortions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quilter plc published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.