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Can I still use my Lifetime ISA (LISA) after purchasing my first home?
Can I still use my Lifetime ISA (LISA) after purchasing my first home?

Information on how your LISA can be used once you've withdrawn for your first home purchase.

Alex avatar
Written by Alex
Updated over a week ago

Yes! Funds held in a Lifetime ISA can be used for the purchase of your first home and/or retirement after age 60.

When you withdraw your LISA for a qualifying first home purchase, we’ll freeze contributions to the account to prevent any delays with your withdrawal. However, once your withdrawal is complete, you’re more than welcome to carry on paying into your LISA to use for retirement after age 60. If you’d like to resume contributions, please don’t hesitate to reach out to the team!

You can deposit up to £4,000 per tax year into the account until you turn 50, and anything you deposit will continue to earn the 25% government bonus. Once you reach retirement age (60 and over), you can withdraw your LISA funds without the government withdrawal charge.

It’s also worth noting that, if you hold a Cash Lifetime ISA, we now offer the ability to switch this to a Stocks & Shares Lifetime ISA. For more information on this, please see our ‘Can I change my Lifetime ISA (LISA) type’ FAQ.

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