retirement savings scheme

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• Lifetime Individual Savings Account — /ˌlaɪftaɪm ˌɪndɪvɪd uəl seɪvɪŋz əˌkaυnt/ noun a British scheme by which individuals can invest for their retirement by putting a limited amount of money each year in a tax free unit trust account. Abbreviation LISA. ⇒ ISA …   Dictionary of banking and finance

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