Ready Made Lifetime ISA | The Share Centre

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Tax allowances and the benefits of tax-efficient accounts could change.

Ready-made Lifetime ISA

If you're 18-39, save up for your first home or retirement with our hassle-free Lifetime ISA and you'll get a 25% government bonus on all the money you pay in.

Transfer your Help-to-Buy ISA into your new Lifetime ISA and be in with a chance of winning your next year's Lifetime ISA allowance of £4,000. Terms and conditions apply.


A Lifetime ISA may not be suitable for everyone

You must be 18-39 years old to open a Lifetime ISA and you can pay in up to £4,000 each tax year, as part of your overall £20,000 ISA allowance. You will incur a 25% government charge on any money you withdraw before you are 60, unless you are using it to buy your first home or are terminally ill, therefore you may get back less than you paid in. You may also incur this charge if you transfer your Lifetime ISA to another type of account. Tax allowances and the tax benefits of Lifetime ISAs could change. If you save in a Lifetime ISA rather than a pension scheme, you may lose the benefit of your employer’s contributions. Saving in a Lifetime ISA may affect your current and future entitlement to means tested benefits. Please seek independent financial advice if you are unsure whether a Lifetime ISA is suitable for you. 

You keep all your profits

Lifetime ISAs are very tax-efficient compared to normal investment accounts since there's no Capital Gains Tax or further Income Tax to pay on your profits. You also receive a 25% bonus from the Government on the money you pay in.

Invest up to £4,000 this tax year

The government sets a limit on how much you can invest in a Lifetime ISA each tax year (from 6 April one year to 5 April the next). This is known as your Lifetime ISA allowance. This Lifetime ISA allowance forms part of your overall ISA allowance for the tax year. There’s no catching up next year if you don’t invest the full amount. It’s a case of ‘use it or lose it’!

Funds of funds

How to fund your ISA

As well as paying into your account by debit card, cheque or BACS/CHAPS, you can also set up a direct debit to pay into your account. Simply complete and return a regular investing form.

Inherited ISA allowances

In the unfortunate event of your death, the money held within your Lifetime ISA, including any government bonus you have accrued, will form part of your spouse's/civil partner's additional permitted subscription (APS). This money cannot be paid into a Lifetime ISA with us, however it can be paid into a Stocks & Shares ISA.

Win £4,000

Win £4,000

Transfer your Help to buy ISA to us and be in with a chance of winning £4,000.



We've answered some of our most frequently asked Lifetime ISA questions so check if your query is resolved in our Lifetime ISA FAQs section.