Lifetime ISA Factsheet

How does the Lifetime ISA work?

"The LISA is designed to offer a bonus when the account is cashed in, either on the purchase of a first home or after the age of 60"

Since April 2017 savers aged between 18 and 40 have been able to open a Lifetime ISA (LISA), which offers a generous cash incentive that can be put towards a deposit for the purchase of their first property or used to save for retirement.

Learn more about this type of ISA, by downloading our free factsheet, which details all the key facts and how the bonus works.

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Avoid the pitfalls and navigate the ISA maze successfully

My daughter has a Help to Buy (H2B) ISA and is looking for a £300,000 house. As H2B is only £250,000, is there any point in transferring to a LISA?

Understand the different types of savings accounts available

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Anna Bowes

© Savings Champion


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