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Lifetime ISA - Don’t miss out on a £10,000 gift from the government

Danny Cox | 27 March 2017 | A A A

You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.

No recommendation

You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.

Media contact:

Danny Cox

Head of Communications

Direct Line: 0117 317 1638

Mobile: 07989672071

  • Lifetime ISA fund picks
  • "ABC" of how to open a Lifetime ISA in less than 5 minutes

Those aged 39 now who open a Lifetime ISA before their 40th birthday, could get up to £1,000 every year from the government until they turn 50, up to £10,000.

From 6 April, adults under 40 will be able to open a Lifetime ISA and contribute up to £4,000 per year, and get a 25% government bonus on any contributions made before their 50th birthday - worth up to £1,000 a year and up to £32,000 for someone subscribing from age 18 year.

The money can then be withdrawn tax free and penalty free after age 60, or when used to buy a first home worth up to £450,000.

Danny Cox, Chartered Financial Planner, Hargreaves Lansdown:

"The Lifetime ISA has stimulated a surge of interest from investors looking to take advantage of this great government give away.

Life may begin at 40, however if you haven’t got a Lifetime ISA in place by your 40th birthday you will have lost the chance to take one out forever. Whether you are looking to use Lifetime ISA for your first home or to top up your workplace pension, it makes sense to get on top of your planning as soon as you can."

Lifetime ISA fund picks

For timescales of 5 - 10 years

Investors planning to invest for 5 to 10 years within a LISA should consider conservatively managed funds like Pyrford Global Total Return and Newton Real Return. These funds invest partly in the stock market, giving investors the potential for above-inflation growth, but with other assets like bonds and cash to temper volatility.

For timescales of 10 years plus

Investors planning to put their money away for 10 years or more have a long enough time horizon to invest fully in the stock market ina search of higher long term returns. We would suggest investors consider Woodford Equity Income and Schroder Small Cap Discovery. Those who are new to investing and don’t want to choose active funds just yet might consider a simple low cost tracker fund like Legal & General UK Index.

ABC of how to open a Hargreaves Lansdown Lifetime ISA in less than 5 minutes

Investors can apply from the first day of the tax year, the 6th April 2017. They will need:

  • Their national insurance number
  • A debit card with cleared funds in their account

We do the anti-money laundering checks electronically and may ask for further proof after the application if necessary.

  1. Go to http://www.hl.co.uk/investment-services/isa/apply-now
  2. Complete the form with personal details and national insurance number
  3. Make a debit card payment

The Lifetime ISA is now open!

Investors can make their investment choices straight away or at any time in the future – the subscription is held in the Lifetime ISA cash account until investment instructions are given.

Investors can also open their Lifetime ISA by telephone 0117 980 9950 - it’s the same process but we do it all for you, the phone lines open at 8.00 am on the 6th April 2017.


You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.