Lifetime ISA
Hargreaves Lansdown

£25Minimum Investment
£4,000Maximum Investment

Hargreaves Lansdown Lifetime ISA (LISA) Overview


The Lifetime ISA offers a flexible way for adults under 40 to save for their first home or later life with a boost from the government. In a Lifetime ISA you can:

  • Contribute up to £4,000 each year
  • Get a 25% government bonus (up to £1,000 each year) on any contributions before your 50th birthday
  • Withdraw the money tax free when used to buy your first home or after age 60
  • Choose to save as cash or invest in the stock market

What makes the Lifetime ISA so attractive?


With the HL Lifetime ISA (LISA) you can invest in the stock market to grow your money and potentially reach your goals quicker. Although investments can go down as well as up so you could get back less than you invest. Benefit from:

  • Peace of mind – choose the UK’s leading investment platform, already trusted by over 876,000 clients with £70 billion
  • Expert guidance – see the latest research and investment ideas from experts to help you choose from a range of investments.
  • Easy to manage – keep up-to-date with your investments online or using new app for mobile
  • Great value – no set-up or transfer-in charges, no charges for buying or selling funds, low cost reinvestment service and an annual fee of just 0.45% or less. 

Can I access my savings?


Buying your first home

  • The property must cost £450,000 or less and be in the UK
  • The Lifetime ISA must have been opened for at least 12 months to benefit from the government's bonus
  • The bonus is per individual so two first time buyers (e.g. couples) can both use their bonus when buying together

After your 60th birthday

  • Withdraw the money tax free after age 60 and spend however you choose
  • The Lifetime ISA is designed to complement a pension when saving for your future. 
  • If you decide to opt out of your workplace pension to pay into a Lifetime ISA, you will not benefit from any employer-matched contributions and it may affect your current and future entitlement to means-tested state benefits

If you withdraw the money before age 60 and it’s not to purchase your first home, you'll pay a 25% government withdrawal charge on any money you withdraw (except if you’re diagnosed with a terminal illness). This means you may get back less than you put in. For withdrawals made in 2017/18 tax year (between 6 April 2017 and 5 April 2018), this charge does not apply, although you will not receive any government bonus either.

Platform Risk Warning

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. Hargreaves Lansdown aims to provide information to help you make your own informed decisions.