Stocks & Shares Lifetime ISA top FAQs answered

We’ve answered the top questions from new Lifetime ISA customers to get you started on your home-buying journey.


What is my Lifetime ISA allowance?

Your Lifetime ISA allowance is how much you can deposit into your Lifetime ISA each tax year. Everyone’s annual Lifetime ISA allowance is the same: £4,000. This is part of your annual £20,000 ISA allowance.

So if you max out your Lifetime ISA with £4,000 in a tax year, and you’ve not contributed into another ISA yet, you’ll have £16,000 of your ISA allowance remaining for your other goals. If you haven’t got one already, check out a Cash ISA or a Stocks & Shares ISA.

Be aware that different ISA types have different annual deposit limits. Here’s a breakdown.


How do I get my £1,000 bonus?

The government will give you a 25% bonus on everything you put into your Lifetime ISA. That means you can earn up to £1,000 as a free bonus, every tax year. 



When will I get my Lifetime ISA bonus?

Your Lifetime ISA bonus is paid out monthly, and the amount you receive at the end of each month is based on your total contributions in the previous month. This means your bonus will help to maximise your investments as you receive it throughout the tax year, because you’ll be earning compound interest on it.


What can I invest in?

You’ll have picked a Starting Option when you opened your Stocks & Shares Lifetime ISA, which spreads your money across different funds. But you can customise this at any time to access even more investment choices with our full fund range.

Funds let you invest in a group of different financial assets like stocks and bonds without having to buy them directly. Aside from the funds that are included in your Starting Option, you can also invest in things like gold, healthcare, artificial intelligence and more.

Capital at risk.


Customise your investments


How did you design the Starting Options?

Our Starting Options were designed by experts to give you a different level of return in line with how comfortable you are with accepting risk. For more information on a specific fund, check out the fund’s Key Investor Information Document (KIID) in-app.

There’s loads more content available in-app. From expert commentary to step-by-step guides, we’ve got it all.


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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