Tax year ends 5 April / days to go
Lifetime ISA
Open your award-winning Lifetime ISA today
Save for your first home or retirement with the UK’s #1 investment and savings platform
Secure your £4,000 Lifetime ISA allowance by 5 April to get up to £1,000 bonus
Pick your own investments or choose ready-made options managed by our experts
Before you invest in a Lifetime ISA: investing for 5+ years increases your chances of positive returns compared to cash savings. But investments rise and fall in value, so you could get back less than you put in. You’re responsible for your investment decisions. Tax benefits depend on circumstances and rules can change. Withdrawal restrictions apply to Lifetime ISAs.
Before you invest in a Lifetime ISA: investing for 5+ years increases your chances of positive returns compared to cash savings. But investments rise and fall in value, so you could get back less than you put in. You’re responsible for your investment decisions. Tax benefits depend on circumstances and rules can change. Withdrawal restrictions apply to Lifetime ISAs.
What is a Lifetime ISA?
A Lifetime ISA (LISA) is an investment account you can use to buy your first home or save for retirement. You must be between 18 and 39 to open a Lifetime ISA. But you can still pay in – and get the government bonus – until you turn 50.
Save tax
Invest up to £4,000 each tax year, free from UK income and capital gains tax.
Get up to £1,000 bonus
Make the most of a 25% government bonus each year. That’s £1 for every £4 you save.
Boost potential returns
Investments should provide higher returns than cash over the long term.
Tax year ends soon.
Make the most of this year's £4,000 Lifetime ISA allowance by 5 April and get up to a £1,000 bonus.
Free regular investing
Start your Lifetime ISA from just £25 a month.
It’s free to set up a Direct Debit and you won’t pay dealing charges. Some investments may have their own charges.
Why choose the HL Lifetime ISA?
Open a Lifetime ISA with the UK’s #1 investment and savings platform.
Pick your own investments or choose from ready-made options
Earn interest on any uninvested cash
Speak to our UK-based helpdesk if you have any questions
Manage your Lifetime ISA on the go with our award-winning mobile app
Buy your first home
You can use a Lifetime ISA to help you get your foot on the housing ladder.
Your savings can be used to purchase an eligible property (worth up to £450,000), at least 12 months after your first payment into the account.
Find out more about using a Lifetime ISA to buy your first home
Save for retirement
You can use a Lifetime ISA to supplement your pension in later life. Withdrawals are tax free from age 60.
If you save into a Lifetime ISA instead of a pension, you could miss out on employer contributions, and your entitlement to certain means-tested state benefits could be affected.
Is a Lifetime ISA right for you?
You need to be between 18 and 39 to open a Lifetime ISA. But you can still pay in – and get the government bonus – until you turn 50.
The £4,000 Lifetime ISA allowance makes up part of your overall £20,000 ISA allowance.
Consider a Lifetime ISA if:
You’re comfortable with the withdrawal restrictions. If you want to take money out before you turn 60 and you aren't buying your first home, there's usually a 25% government charge. This means you could get back less than you put in.
You’re clear on the differences between saving and investing and you have your own cash savings to cover emergencies.
You understand the value of your investments will rise and fall, so you could get back less than you invest. If you’re planning to use your Lifetime ISA to purchase your first home in the next five years, investing might not be the best option.
This isn’t personal advice. If you’re not sure a Lifetime ISA is right for you, ask for financial advice.
Your Lifetime ISA investment options
Pick your own investments
Your Lifetime ISA, your choice
Choose from funds, UK and overseas shares, investment trusts, bonds, exchange-traded funds (ETFs) and more.
Leave it to our experts
Ready-made investments
All-in-one investment options, created by our team of experts.
45 years’ experience. 2 million clients. The UK’s #1 investment and savings platform.
We’ve been helping Britain invest through it all since 1981.
Since then, we’ve won over 200 awards, including ‘Best Investment App’ and ‘Best for Customer Service’ for 2026.
Our clients trust us with over £172bn of their savings and investments.
Lifetime ISA charges
0.25%
Free to open, with an account charge of no more than 0.25% for holding investments.
The investments you choose may have their own ongoing charges, and dealing charges apply for one-off trades.
Lifetime ISA essentials
Read more about Lifetime ISAs.
FAQs
Common questions about Lifetime ISAs.
You can withdraw your money tax free for an eligible house purchase (worth up to £450,000), after you turn 60, or if you’re terminally ill. The Lifetime ISA must be open for 12 months from the date of the first payment.
You can take money out at other times too (including in the first 12 months), but there will usually be a 25% charge from the government. This could mean you get back less than you put in.
You’ll need to have had your Lifetime ISA for a full year, and you’ll need to be a first-time buyer.
The house you’re buying has to be in the UK and cost £450,000 or less. This is just the house price and it doesn’t include fixtures and fittings. It also needs to be your main residence. If it’s still being built, it’ll need to be your main residence as soon as it’s ready for you to live in.
You’ll need to be buying the house with a mortgage, regulated home purchase plan or through a shared ownership arrangement. If you’re buying a house with cash, you can still use your Lifetime ISA money. But you’d have to pay the government withdrawal charge, which means you could get back less than you put in.
We automatically claim the government bonus for you and add it to your Lifetime ISA.
We’ll do this as soon as possible each month and you should see it in your account four to nine weeks from the date of your contribution. The bonus will be added to your Lifetime ISA as cash. You can place any investment instructions when you’re ready.
Yes, you can open and add money to different types of ISAs (Cash ISAs, Stocks and Shares ISAs or Innovative Finance ISAs) alongside your Lifetime ISA. You’ll only be able to save into one Lifetime ISA each tax year.
You can contribute up to £20,000 across all your ISAs in the current tax year, with up to £4,000 in your Lifetime ISA. The government bonus doesn’t count towards the £20,000 overall limit or the £4,000 Lifetime ISA limit.
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