A new feature for Stocks & Shares Lifetime ISA customers

We’re excited to announce the roll out of ‘Available Cash’ to our Stocks & Shares Lifetime ISA customers. Here’s everything you need to know about Available Cash and what it means for you.


What is Available Cash?

Available Cash enables you to hold cash in your Stocks & Shares Lifetime ISA. The value of your Available Cash doesn’t change in line with the market and you can invest it whenever you’re ready.

Money held in Available Cash will earn an interest rate of 0.1% AER* variable until you use it to buy investments. You won’t pay fees on the Available Cash in your Lifetime ISA, and it’s FSCS protected up to £85,000.

Available Cash also lets you buy funds faster, with the flexibility to invest on your own schedule.

Why use Available Cash? 

Money held as Available Cash in your Stocks & Shares Lifetime ISA can help you prepare for a house purchase in advance. That’s because if your completion date is drawing near, you can start to wind down your investments and hold the money in Available Cash to reduce the impact that any changes in the market may have on your home deposit. It also means that if you’re using your Stocks & Shares Lifetime ISA for retirement, you can wind down your investments if you’re nearing retirement age. 

Plus, you can sell down your investments to Available Cash without affecting your annual ISA allowance. And, you won’t have to pay the 25% government penalty on any sell downs you make to Available Cash – you’ll only incur the government penalty if you make an unauthorised withdrawal from Available Cash to your bank account.

Any money deposited into Available Cash from your linked bank account will count towards your annual £4,000 Lifetime ISA allowance.

To help you buy funds faster, you’ll be able to add cash to your Stocks & Shares Lifetime ISA instantly with our instant bank transfer feature. An instant bank transfer lets you add £100 or more to your Stocks & Shares Lifetime ISA outside of the Moneybox weekly collection cycle – and we’ll take you to your online banking to confirm the transfer. Once it’s complete, your money will be in your Available Cash in minutes, ready to invest whenever you like.

How to use Available Cash

To add money to Available Cash just go to your Stocks & Shares Lifetime ISA, tap Available Cash and select Add money. Any money you hold in Available Cash can be used to buy investments outside of our weekly investment cycle.

Or, you can choose to switch your deposits from your investments to Available Cash by going to your Lifetime ISA, selecting the three dots in the bottom right, tapping Allocation > Customise allocation > Change to a Starting Starting Option > Save now, invest later

This lets you contribute to your Lifetime ISA goal, without exposing your money to market volatility. You can invest any money held in Available Cash when you’re  ready, and you’ll still get your annual Lifetime ISA bonus – which will be paid into Available Cash.

If you want to avoid earning interest on money held in Available Cash, you have the option to switch to a 0% AER version of Available Cash. Just head to Settings > Accounts > Lifetime ISA to switch.


*% AER (annual equivalent rate) is the rate you will earn after a year, including compounding. The interest rate may change.

All investing should be long term (min. 5 years). The value of your investments can go up and down, and you may get back less than you invest.

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