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Stocks and Shares ISA

New: The Lifetime ISA

From 6 April 2017, adults under age 40 can open a Lifetime ISA with the UK’s number 1 investment platform.

Download your free factsheet

Important information - please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances. The information on this page is based on our understanding of draft legislation and government announcements as of 31 January 2017.
  • Adults under age 40 can open and contribute up to £4,000 per year
  • Any contributions will receive a 25% government bonus providing they are made before your 50th birthday
  • For every £4 contributed, the government will add a further £1 (up to £1,000 a year)
  • Money can be taken out tax free after age 60 or when used to buy your first home worth up to £450,000

Drag the slider below or manually enter a contribution amount to see how the government bonus could help you save.

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The HL Lifetime ISA - available from 6 April 2017

We will be one of the only providers offering a Stocks & Shares Lifetime ISA from 6 April 2017. Clients will have the opportunity to improve their growth with a wide investment choice, competitive charges and an award-winning service.

Remember, investments go down in value as well as up so you could get back less than you invest

If you would like to find out more about the Lifetime ISA in the meantime, download our free factsheet. Please note this factsheet is not personal advice.


Lifetime ISA Pension (Basic rate taxpayer) Pension (Higher or additional rate taxpayer)
What is the account likely to be used for? Purchasing your first home and/or retirement Retirement Retirement
Am I eligible? Yes, if you will be a UK resident and aged between 18 and 39 Yes, if you are a UK resident Yes, if you are a UK resident
How much can I contribute? Up to £4,000 Up to as much as you earn, effectively capped at £40,000 each year in most cases Up to as much as you earn, effectively capped at £40,000 each year in most cases
What is the government’s contribution? 25% bonus on contributions (up to £1,000 a year) 20% tax relief on contributions Up to 45% tax relief
Can I withdraw all the money tax free? Yes – when purchasing your first home or after age 60 No – only up to 25% of withdrawals are usually tax free and the rest is taxed as income No – only up to 25% of withdrawals are usually tax free and the rest is taxed as income
When can I take the money out? Whenever you like. However, if you choose to use the funds other than for the purchase of your first home or after age 60, there is a 25% penalty Usually from age 55 (57 from 2028) Usually from age 55 (57 from 2028)
What are the tax benefits? 25% bonus on contributions under age 50 (up to £1,000 a year) - Tax free growth - No UK tax on income - Tax free withdrawals for house purchase or after age 60 Up to 20% tax relief on contributions under age 75 - Tax free growth - No UK tax on income - Up to 25% of withdrawals usually tax free Up to 45% tax relief on contributions under age 75 - Tax free growth - No UK tax on income - Up to 25% of withdrawals usually tax free
Will my employer make a contribution? Potentially. If they do the contributions will be subject to tax and national Insurance. Yes – if you are contributing through a workplace pension Yes – if you are contributing through a workplace pension
Where can I invest? Choose your own investments from funds, shares, bonds, cash, ETFs and more Choose your own investments from funds, shares, bonds, cash, ETFs and more Choose your own investments from funds, shares, bonds, cash, ETFs and more