Is my Lifetime ISA protected by the Financial Services Compensation Scheme?

Yes, both our Cash LISA and Stocks & Shares LISA are protected by the FSCS, but the protection works differently for investment and cash savings accounts.

For Moneybox Cash Lifetime ISA, we deposit your money with a panel of third-party banks. Each of these banks is covered by the FSCS up to the £120,000 limit per authorised institution, meaning your money is protected up to the £120,000 with each bank on the panel.

For our Stocks & Shares Lifetime ISA, any uninvested money held in ‘Available Cash’ is treated as cash and is covered by the FSCS deposit protection limit of £120,000 per person per authorised institution. However, investments are protected up to £85,000 per person per UK-authorised firm in the event that the firm collapses.

Please note that investment products such as our Stocks & Shares LISA, which are covered in the event of the product provider collapsing, not if your investments lose money. You can find more information on how the FSCS protection works and the partner banks we use here.