A General Investment Account allows you to invest outside of tax wrappers such as Personal Pensions and Stocks & Shares ISAs. Unlike an ISA, the GIA doesn’t offer tax relief but you only pay tax on gains above £3,000, subject to having no other taxable investments.
There’s no annual limit on how much you can contribute, however, we limit contributions to £85,000 per week. You can find more info on our GIA here.
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.
