We offer two types of LISA:
Cash Lifetime ISA: A Cash LISA works like a cash savings account in that you pay in money and earn interest. Interest accumulates daily and is paid out monthly, and you’ll earn interest on any money added to the account, including the 25% government bonus.
Stocks & Shares Lifetime ISA: With a Stocks and Shares LISA, rather than getting interest like you do with a Cash LISA, you invest your money in funds. Investing over the long term (5 or more years) can offer higher returns, though remember that value of investments can go up and down, and you could get back less than you invest.
For both accounts you can pay in a maximum of £4,000 per tax year, and receive a 25% bonus on any funds you add.
Our standard investment account fees apply to our Stocks & Shares LISA - you can read more about our fees here. 🔍