Lifetime Isa

Can I withdraw my money at any time?

There is a 25% government charge if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement (except in cases of terminal illness). If you withdraw for a house purchase before your account has been open for 12 months, you will also be subject to the government penalty. Your LISA counts as ‘open’ once you’ve made your first contribution. 

This 25% penalty means that if you deposit £1,000, you get the 25% govt. bonus = £1,250. If you make a withdrawal and 25% was taken off, you’d receive £937.50, which is a 6.25% loss. Please note this does not take into account investment gains/losses and fees.

Penalty withdrawals can be requested within the app in Settings > Withdraw. If you’re looking to withdraw from your Lifetime ISA for a qualifying first home purchase, please contact our Support Team via the in-app chat, or email us at

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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.

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