If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change. 

Lifetime ISA

If you're 18-39, save up for your first home or retirement with our hassle-free Lifetime ISA.

Lifetime ISA benefits

green money bag in circle

25% government bonus

Receive a bonus on all the money you pay in.

green mug in circle

Hassle-free

Experts handpick and manage your investments.

green sign with an upwards arrow in a circle

Tax-efficient

No Capital Gains Tax or further Income Tax to pay on profits.

green money bag in circle

No account fees

No dealing fees, initial fund charges or monthly admin fees.

3 green plants in a circle

Investments to suit you

Simply choose between (or blend) cautious, balanced or adventurous.

green stack of pound coins in a circle

Invest up to £4,000 this tax year

Your Lifetime ISA limit counts towards your annual ISA allowance.

A Lifetime ISA to suit you

You can invest in one or a combination of our three multi-manager funds of funds, depending on your attitude to risk and investment aim. They each contain a range of funds from well-known providers, which enables you to benefit from their expertise and spread risk by diversifying across different markets and sectors.

Lifetime ISA costs

Your fund’s annual management charge and ongoing charge (see links above) are taken from the fund itself, so you don’t need to worry about paying them separately. There are no account fees, dealing fees, or initial fund charges to pay.

Cash withdrawals

3-5 day transfers Free
Same day transfer £25
Overseas £50 (restrictions apply)
Cheque £5

Before making a withdrawal, please read the important considerations below.

Optional services

Statements & contract notes by post rather than email £2.40 per month

Transfers

Transfer to another provider £25 per account

Other

Bounced cheque or unpaid Direct Debit £25
Deceased customer account administration £100

Costs and charges illustration

To give you a feel for the costs involved, our cost sheet includes an illustration of costs you will pay, based on how much you invest and what type of investments you choose.

Download Black View costs & charges sheet

Payment of charges

Ongoing fund charges are automatically taken from your fund. If you opt for postal statements & contract notes, the fee will be collected from your account on the 26th of each month, or the next business day.

What interest will be paid on cash?

Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.

Important considerations

  • 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 pay in. You may also incur this charge if you transfer your Lifetime ISA to another type of account.
  • If you invest in a Lifetime ISA instead of a pension, you may lose the benefit of your employer’s contributions. It also might affect your current and future entitlement to means tested benefits. If in doubt, please seek independent financial advice.
  • Lifetime ISA benefits and allowance could change in the future.
  • Any transfer of a Lifetime ISA to another Lifetime ISA provider must be made in full.

Why invest with us?

Safe & secure

dark grey padlock in a circle
small dark grey padlock in circle

As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).

Tips and tools

grey hammer in circle
small dark grey hammer in circle

Our comprehensive range of investment tips and tools make it easy to choose and manage your investments.

Award-winning

dark grey trophy in a circle
small dark grey trophy in circle

We’re proud to be regularly recognised by industry awards for our outstanding customer service.