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How do I withdraw money from a Lifetime ISA if I'm not buying a house?

You can withdraw your money tax free when you’re ready to use it for an eligible house purchase (worth up to £450,000) or after you turn 60. You're also allowed to withdraw your Lifetime ISA money if you are terminally ill.

If you withdraw money from your Lifetime ISA at any other time, this is called an unlisted or chargeable withdrawal and there will be a 25% charge from the government. This could mean you get back less than you put in.

If you need to sell investments to withdraw cash, it can take three to five days after the sale before the cash settles in your account and you can withdraw it. However, if you have recently topped up your account, we may need to process the withdrawal via a debit card refund. This can take 3 - 5 working days for the funds to clear with your bank. We do this to meet anti-money laundering regulations.

The easiest way to make an unlisted withdrawal is to call us on 0117 314 6219. Alternatively, you can download and complete this form.

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