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Most popular Lifetime ISA Funds

We look at the most popular Lifetime ISA funds bought by HL clients so far this tax year.

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

The end of tax year deadline of 5 April is just around the corner. It’s the time lots of savers and investors take advantage of their ISAs to shelter their savings and investments from UK tax.

If eligible, it’s a great time to make the most of your Lifetime ISA (LISA) allowance, too. You can put up to £4,000 in a LISA every tax year, and the government will top up your contribution by 25% – giving you up to an extra £1,000.

You can use your LISA either towards the purchase of your first home (up to £450,000) after 12 months from the first payment, or towards later life. You can open a LISA if you’re between 18 and 39 years old. Once open, you can continue to contribute up to £4,000 per year, and get the government bonus, until age 50.

Remember that any withdrawals made before the age of 60, which aren’t used towards the purchase of a first home, will normally be subject to a 25% withdrawal penalty, so you could get back less than you put in. And if you’ve made any gains on your investments or received any interest on your cash, you’ll be charged 25% of them, too.

Remember, if you decide to opt out of your workplace pension to pay into a LISA, you won’t benefit from any employer-matched contributions and it may affect your current or future entitlement to means-tested state benefits.

Tax rules change and benefits depend on your individual circumstances. This article is not personal advice. If unsure, please seek advice.

More about LISAs

Some LISAs will allow you to invest the money you put in, in the stock market, whereas others will just let you hold cash.

Lots of HL clients have chosen to invest with their LISA, but where have they been investing most of their money this tax year?

Where did HL’s Lifetime ISA clients invest?

The list below shows the most popular funds (the most bought funds after any sales) with HL’s LISA investors in this tax year (2019/20) and is correct as of 17 March 2020. It isn’t personal advice or a guide on how to invest. You should choose investments based on your own objectives and attitude to risk.

Unlike the security offered by cash, investment values can fall as well as rise, so there’s no guarantee you’ll make a profit – you could get back less than you put in. If you’re not sure whether an investment is right for you, please ask us for advice.

Fund Key Investor Information
Fundsmith Equity KII
HL Select Global Growth Shares KII
HSBC FTSE 250 Index KII
JPMorgan Emerging Markets KII
Legal & General International Index Trust KII
Legal & General UK Index KII
Legal & General US Index KII
LF Lindsell Train Global Equity KII
LF Lindsell Train UK Equity KII
Rathbone Global Opportunities KII

Funds are listed in alphabetical order. LF Lindsell Train Global Equity and LF Lindsell Train UK Equity hold shares in Hargreaves Lansdown plc. The HL Select Global Growth Shares fund is managed by our sister company HL Fund Managers Ltd.

Find out more about a LISA today

It’s simple to open a LISA with HL, and the easiest way to do it is online.

Once you’ve read, and are happy with the key features and our terms and conditions, it could only take 10 minutes to get started.

Find out more


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    Important notes

    This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

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