Open a Lifetime ISA

Before opening a Lifetime ISA, you should be:

• Comfortable choosing your own investments

• Confident making long-term investment decisions

• Free from significant debt (other than a mortgage)

• Clear on our charges and the tax benefits of a Lifetime ISA

• 18-39 years old on the date the first payment is made

• UK resident for tax purposes

If you’re not sure which investments are right for you, please ask us about financial advice. There's no personal advice on our website.

To apply for an HL Lifetime ISA online you must be a UK resident. If you’re not resident in the UK, please contact us for more information. You should also check your details match those held by HMRC.

What you need to know before opening a Lifetime ISA

• Investments can go up and down in value so you could get back less than you put in. This is particularly important to remember if you are invested close to your house purchase withdrawal. Selling your investments earlier can give you certainty about the amount you’ll have available for your purchase. Any income your investments pay can change over time.

• Tax rules for Lifetime ISAs can change, and their benefits depend on your circumstances.

• The bonus will be paid within 4 to 9 weeks of the contribution.

• You can withdraw money from your Lifetime ISA for an eligible house purchase, from age 60 or during terminal ill health. You must have held a Lifetime ISA for at least 12 months after the first payment before you can make an eligible house purchase.

• If you withdraw money for any other reason, you’ll have to pay a 25% government withdrawal charge. This will be charged on the full withdrawal amount, so you could receive less than you have paid in.

• If saving in a Lifetime ISA instead of enrolling in, or contributing to, a qualifying pension scheme, occupational pension scheme, or personal pension scheme: (i) You may lose the benefit of contributions by an employer (if any) to that scheme; and (ii) Your future entitlement to means tested state benefits (if any) may be affected.

What you need to have to hand

• Your National Insurance number. You can find this on your National Insurance card, a benefit letter, payslip or P60.

• Your debit card details, if you’d like to open your Lifetime ISA with cash. The minimum amount is £100.

• Your bank details, if you’d like to set up monthly payments into your Lifetime ISA. The minimum monthly amount is £25.

Read these documents

By opening this Lifetime ISA, you agree to our terms and the Lifetime ISA Declaration, so please make sure you’ve read and understood our: Lifetime ISA Declaration, Terms and Conditions with Tariff of Charges (PDF) and Key Features (PDF) and the risks. Please contact us if you have any questions.

Alternative options

Open a Lifetime ISA by phone

Call us on 0117 980 9950. See opening times

Open a Lifetime ISA by post

Request application form

Transfer to a Lifetime ISA

Find out more