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Our goal is to help you find the best stocks and shares Lifetime ISA
See a range of different Lifetime ISAs with product information provided by each brand
Click though to make your application and get on your way to watching your money grow
The Lifetime ISA is a government scheme designed either to help you take the first step onto the property ladder – or save for your retirement.
If you save up to £4,000 a year towards a deposit, you get a 25% government bonus. That’s up to £1,000 for free from the government each year you save. Rather than putting your money in a cash saving scheme and earning interest, with a stocks and shares Lifetime ISA you get the chance to invest your money in the stock market.
But be aware that while your money could grow in value, investing in stocks and shares comes with risk, meaning your money could also fall in value. For this reason a Lifetime stocks and shares ISA is more likely to suit those investing for the long term (for retirement) than those saving towards a home deposit.
Compare the investment services on offer, the minimum monthly investment level and the annual account charges and select an ISA provider. Open your account online.
Think about the level of risk you’re comfortable with. Do you want your Lifetime ISA provider to do the fund or stock picking, or do you want to self-select the funds you invest in?
Save or invest £4,000 a year into a Lifetime ISA and get up to £32,000* in government bonus (before any investment growth). Bonuses are paid until you reach 50. *(based on opening a LISA at age 18)
With a Lifetime stocks and shares ISA, there are a range of investment options.
You could invest directly in individual company stocks
A lower cost form of investing – ETFs typically track a particular index or market
Bond funds invest in government or corporate bonds
Choose from a huge range of investment funds to suit your risk appetite
There are advantages and disadvantages to investing in a stocks and shares Lifetime ISA. Here are some things to consider:
They’re tax-efficient, plus savings benefit from a government bonus
It’s a great way to save for later life
Your investment has the potential to outperform a cash Lifetime ISA over the longer-term
Investing comes with risk. You may get back less than you invested if the stock market falls
Investments tend to have charges, which can erode returns
If you withdraw money from your Lifetime ISA before you reach 60 - and you don’t use it to buy your first home – you'll face a withdrawal charge of 25% on the amount you take out
The right stocks and shares Lifetime ISA for you will depend on a number of factors, including:
How much risk are you prepared to take with your money? Do you want to pick your own funds or do you want someone else to manage your ISA and make the investment decisions?
Some investment ISAs, including stocks and shares Lifetime ISAs will have a minimum monthly or lump sum investment, so make sure this fits your budget
Check what annual fund charges might be applied on your ISA. Fees and charges can add up over time and start to eat in to your investment returns.
Think about what support you’ll get with your investment. Does the ISA provider offer webchat or can you get help over the phone or on email?
Lifetime ISAs can be a great way to save and invest tax-free for the future. But they come with rules attached. Here’s what you need to know:
You need to be between 18 and 39 and a UK resident
You can save up to £4,000 a year tax-free, and benefit from a 25% government bonus
You can get up to £32,000 in government bonus
You can transfer other ISA savings into your Lifetime ISA, where the provider allows it
You can use some or all of your Lifetime ISA savings to purchase your first home. In many cases first time buyers may prefer to save in a cash Lifetime ISA for this – as there is no risk to capital. Even if you used your LISA to buy your first home, you can still continue to pay in up to £4,000 a year, and earn the bonus, until you reach 50. You can withdraw all your LISA funds once you turn 60.
Just click the button below to see a list of all our Lifetime stocks and shares ISAs
View accounts from leading Lifetime ISA providers and compare the terms
When you find the Lifetime ISA you want, click straight to the provider to apply
With a cash Lifetime ISA, you put money into a cash saving scheme. This works like any other cash savings account, but as it’s an ISA, returns are tax-free. With an S&S Lifetime ISA, you get the opportunity to invest money in the stock market (also tax-free). While there is the potential for higher returns with an investment LISA, there is risk involved. Investments can go up and down. If the stock market falls, you could lose money. There is almost no risk with a cash LISA, but returns may be lower. With a S&S LISA, the overall amount you get is down to the performance of the underlying assets you choose to invest in.
The 25% government bonus (of up to a maximum of £1,000) is paid each tax year until you turn 50. It is paid on a monthly basis. Once you’ve reached 50, you can continue to save, but no further bonus will be paid.
The annual ISA allowance is £20,000 in the current tax year. This means that if you have £4,000 in a Lifetime ISA – either in cash, or in stocks-and-shares – you still have a tax-free ISA allowance of £16,000 to use in other types of ISA.
Your savings are protected in the event your savings or investment provider goes bust - up to £85,000 (per person per banking group) by the Financial Services Compensation Scheme.
You can compare savings accounts using a number of factors. These include the interest rates they offer as well as how long the rate will last, the amount you might need to deposit in order to open the account, and how you can access the account. Once you’ve decided which account you want, simply click through and you’ll be taken to the provider’s website.
Not sure what type of account to go for? Our Savings Decision Tree can help you decide.
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