How Lifetime ISAs can boost your progress towards buying your first-home

What a Lifetime ISA is designed for

A Lifetime ISA supports first-time home-buyers buyers and retirement savers. You can contribute up to £4,000 each tax year, and you’ll receive a 25% government bonus on everything you deposit.

That means you can earn up to £1,000 for free each tax year that you add the maximum £4,000 to your Lifetime ISA.

Why the tax year deadline is critical

The bonus is linked to annual contributions. Any unused allowance is lost at the end of the tax year – it doesn’t roll over. Neither does any of your unused free bonus.

How to make the most of your LISA before 5th April

Check how much you’ve contributed this year. Even smaller top-ups qualify for the bonus and can add up over time.

Things to keep in mind

LISAs come with withdrawal rules, so make sure the product fits your plans before contributing.

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.

What a Lifetime ISA is designed for

Why the tax year deadline is critical

How to make the most of your LISA before 5th April

Things to keep in mind

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It's important you know