Lifetime ISA

All topics Lifetime ISA Can I still use my Lifetime ISA after purchasing my first home?

Can I still use my Lifetime ISA after purchasing my first home?

Yes! Funds held in a Lifetime ISA can be used for the purchase of your first home and/or retirement after age 60.

You can deposit up to £4,000 per tax year into the account until you turn 50, and anything you deposit will continue to earn the 25% government bonus. Once you reach retirement age (60 and over), you can withdraw your LISA funds without the government withdrawal charge.

When you withdraw from your LISA for a qualifying first home purchase, we’ll freeze contributions to the account to prevent any delays with your withdrawal. However, once your withdrawal is complete, you’re more than welcome to carry on paying into your LISA to use for retirement after age 60. If you’d like to resume contributions, please don’t hesitate to reach out to the team!

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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