Want to buy your first home in
Get there sooner with the Lifetime ISA...
Property prices have continued to rise in – up on average last year alone (to June 2018).
If you’re aged between 18 and 39 you can get a boost of up to £1,000 a year from the government to use towards your first home with the Lifetime ISA (LISA).
This factsheet reveals:
- How much you can invest each year
- The types of property you can buy with a LISA
- How to benefit if you’re buying as a couple
- The key differences between LISAs and Help to Buy ISAs
Plus, we compare the benefits of keeping your LISA in cash or investing in the stock market for potentially better returns.
This factsheet is a broad summary and cannot cover every situation, it is not personal advice. Unlike cash, the value of investments can fall as well as rise so you may get back less than you invest. Tax rules can change and benefits depend on personal circumstances. Withdrawals from a Lifetime ISA other than to buy your first home or before age 60 are subject to a government withdrawal charge, which means you could get back less than you put in.