Martin Lewis wants parents to open a Lifetime ISA for their kids once they hit 18.

Martin Lewis has urged parents to open a Lifetime ISA for their teens once they turn 18, in order to help them get on the property ladder in the future.

The money saving expert appeared on This Morning this week, telling parents they should put a £1 into a Lifetime ISA for their 18 and 19-year-olds because “you can put up to £4,000 in and the state adds a 25% bonus towards a first-time property”.

So, if you put £4,000 in, you get £1,000 a year off the state.

The expert caveated that you can only get this bonus if the account has been open for a........

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