SNP pledges to scrap LISA and keep triple lock

'Could disincentivise other forms of retirement savings'

Hannah Godfrey
clock • 2 min read

The Scottish National Party (SNP) has pledged to scrap the lifetime ISA (LISA) and maintain the triple lock in its 2017 General Election manifesto.

The party described the LISA, which has only been available for purchase since April, as a "Tory gimmick" and argued it could "disincentivise other forms of retirement savings that offer a greater return". Alongside Labour, the Liberal Democrats and Plaid Cymru, it also pledged to maintain the basic state pension triple lock, which ensures the government increases the state pension each year by the higher of growth in average earnings, the Consumer Price Index or 2.5%. The SNP's manifesto was launched by First Minister of Scotland and party leader Nicola Sturgeon on Tuesday. The pa...

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