Lifetime Isa

Can I withdraw my money at any time?

There is a 20% government charge if you withdraw money for any reason other than buying your first home (up to £450,000) or for retirement. This means you will only lose the government bonus. Please note: this charge has been temporarily reduced to 20% between 6 March 2020 and 5 April 2021. After this period the withdrawal change will revert to 25%. This means that when you make a withdrawal, you will lose your government bonus, plus £6.25 for every £100 deposited (excluding investment gains/losses and fees for a Stocks & Shares Lifetime ISA).

Examples:

The standard Lifetime ISA withdrawal fee is 25%. So if you deposit £1,000, you get the 25% govt. bonus = £1,250. If you make a withdrawal and 25% was taken off, you’ll receive £937.50, which is a 6.25% loss. Please note this does not take into account any investment gains/losses and fees.

During the period of 6 March 2020 and 5 April 2021, the withdrawal charge is 20%. So if you deposit £1,000, you’ll get the same 25% govt. bonus = £1,250. If you make a withdrawal and 20% is taken off, you’ll receive £1,000. Please note this does not take into account any investment gains/losses and fees.

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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
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