Lifetime ISA Charges and Interest Rates
Annual account charges
Your annual charge depends on whether you hold funds or shares in your Lifetime ISA. There are no charges for opening an account, holding cash or inactivity.
You can see the interest rates paid on any cash held in a Lifetime ISA here.
Shares
0.25%
capped at £45 per year.
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
Funds
| Total invested in funds (tiered) | Annual Charge |
|---|---|
| On the first £1m | 0.25% |
| On the value between £1m - £2m | 0.1% |
| On the value over £2m | No charge |
What you pay is based on the value of your investments. Fund charges are calculated in bands: 0.25% each year on the first £1m of funds, 0.1% each year on the value of funds between £1m and £2m, and no charge on the value of funds over £2m.
Important notes about charges: The investments you choose may have their own charges, for example charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information document. A bid/offer spread may also apply - see our Guide to Fund Prices for details.
Example of account charges
If you invest £3,000 in funds and £1,000 in shares, your charges would be £0.83 per month*.
*The monthly charge will depend on the exact value of your account each month. To keep things simple here, we didn't include any investment growth.
Dealing charges
Dealing charges are what you pay each time you buy or sell an investment.
Fund dealing
Includes unit trusts and open-ended investment companies (OEICs).
There’s no dealing charge for buying or selling funds.
Share dealing – online and mobile app
Including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.
| Number of deals in previous month | Charge per deal |
|---|---|
| 0 - 9 | £11.95 |
| 10 - 19 | £8.95 |
| 20+ | £5.95 |
*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.
Automatic reinvestment
If you’d like any share income reinvested automatically, we’ll place the instruction once your income reaches £10 per holding, or an amount you choose. There’s no charge for this.
How to pay charges
There’s no need to remember to make any payments. Each month we’ll automatically take charges from cash in your account.
If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. There is no additional charge for this.
How much cash you need to keep available in your account depends on your investments. We’ll suggest a minimum cash amount for you, which you’ll be able to see in your account when you log in.
Other charges
| UK Stamp Duty Reserve Tax (SDRT)/Stamp Duty | 0.5% on purchases of UK shares. For shares that can't settle electronically, rounded up to the nearest £5 (for purchases worth more than £1,000) |
| PTM (Panel on Takeover and Mergers) | £1.50 on UK share deals over £10,000 |
| Irish Stamp Duty | 1% on purchases of Irish shares |
| French Financial Transactions Tax | 0.3% on purchases of certain French shares |
| Spanish Financial Transactions Tax | 0.2% on purchases of certain Spanish shares |
| Italian Financial Transactions Tax | 0.1% on purchases of certain Italian shares |
1% of the trade value, minimum charge £20, maximum £50.
You can set up a Direct Debit from £25 per month. There’s no charge for a Direct Debit into funds, shares and selected investment trusts and exchange-traded funds (ETFs).
Made in addition to the charges above, where applicable.
| Cash withdrawals | No charge |
| Account closure fee | No charge |
| Automated sales to cover charges (selling fund units or shares to cover fees) | No charge |
| Quarterly statement and valuation (paperless) | No charge |
| Quarterly statement and valuation (paper) | No charge |
Transfer out (as cash) - No charge
Transfer out (as stock) - No charge
Other charges may apply in specific circumstances - see the terms and conditions (PDF) for details.
Charges FAQs
If you don’t have enough cash in your Lifetime ISA to pay charges, we’ll debit your charges from your HL Fund and Share Account, if you have one.
If there’s not enough cash to pay charges in your Lifetime ISA or Fund and Share Account, we’ll sell some of your Lifetime ISA investments to cover charges, starting with the units from your largest fund holding. There is no additional charge for this.
For more details, please see our help and support section on collecting charges.
If there’s not enough cash in your Lifetime ISA to pay charges and you can’t top up, you can add money to an HL Fund and Share Account instead. We’ll take your charges there instead of selling your Lifetime ISA investments.
It’s important to keep some cash available in your ISA for paying charges. You can also hold cash while deciding where to invest. See our cash interest rates page for details.
Our award-winning Lifetime ISA
Best Buy Lifetime ISA 6 Years Running
- Boring Money Awards 2026
Best for Customer Service
- Boring Money Awards 2026
Best For Investment Research 2 Years Running
- Boring Money Awards 2026
Help and support
If you have any questions about the HL Lifetime ISA, you can speak to one of our UK-based client support experts.