Lifetime Isa

Is my Lifetime ISA protected by the Financial Services Compensation Scheme?

The FSCS is a government fund that exists to help consumers in the event of a bank collapse. You are protected for 100% of the first £85,000 per financial institution.

If you opened a Cash LISA before the 23rd of April 2020, your account is powered by our partner OakNorth. OakNorth is covered by the Financial Services Compensation Scheme (FSCS) so £85,000 of your savings are protected. If you have other savings with OakNorth these will also count toward the £85,000 limit with OakNorth.

For users who open a Cash LISA on or after the 23rd of April 2020, the account is powered by Investec. Investec are also covered by the FSCS up to £85,000, and any other savings you hold with Investec (including in our 95 Day Notice Account), will count towards this limit.

Our Stocks & Shares LISA is also protected by the FSCS up to £85,000. Please note that ‘loss’ in this instance doesn’t include simply where the value of your investments fall as part of general investing risk.

View other topics

It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

Risk Warning
Get the app