About Us




Your complete guide to the Lifetime ISA (LISA).

by | Apr 7, 2021

LISA accounts are special types of ISAs that have a number of unique features and restrictions.
Lifetime ISA

A LISA can be opened by anyone aged between 18 and 39. You can save up to £4,000 a year in it, towards your first home or retirement, and the UK Government then tops this up with a 25% cash bonus of up to £1,000 a year.

There are a few rules to be aware of when withdrawing the money – if you don’t buy your first property or draw the money down after turning 60, you will have to pay a 25% penalty.

For buying your first home, the price of the property has to be £450,000 or less, and you have to wait at least 12 months from making your first LISA deposit before buying. You have to buy with a residential mortgage (so you can’t be a cash buyer and the mortgage can’t be a buy-to-let deal).

Check out the video where Sasha Yanshin cover’s some other important considerations and useful things to know about Lifetime ISA accounts.

DISCLAIMER: Sasha Yanshin is not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody’s specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional. GSI accepts no liability for any indirect or consequential loss or damage, or for any loss of data, profit, revenue or business (whether direct or indirect) in each case, however caused, even if foreseeable. In circumstances where you suffer loss or damage arising out of or in connection with the viewing, use or performance of our website or its contents we accept no liability for this loss or damage whether due to inaccuracy, error, omission or any other cause and whether on the part of GSI or any supplier, agents or any other person or entity.


Get top tips and insights, straight to your inbox.

Sign up to our helpfully unintrusive newsletter and get events, news, and insightful views straight from our experts.

Share This