Invest with a Moneybox Stocks & Shares Lifetime ISA
Build a deposit for your first home with the Moneybox Stocks & Shares Lifetime ISA (LISA). Invest up to £4,000 each tax year and get a 25% government bonus on all savings – up to £1,000 free each year!
Open a Lifetime ISA with just £1 and join over 1.5 million people saving and investing with Moneybox.
Capital at risk. Govt. withdrawal charge may apply. ISA and tax rules apply.
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What is a Stocks & Shares Lifetime ISA?
Stocks & Shares Lifetime ISAs are designed to help you invest for your future. You can use a Stocks & Shares Lifetime ISA to put money aside for your first home or retirement.
You can invest up to £4,000 each tax year and get a 25% government bonus on all savings.
For every £4 you pay in, you get £1 for free. Pay in the maximum of £4,000 per tax year and you'll receive a £1,000 bonus every year.
With a Stocks & Shares LISA, rather than earning additional interest on top of your savings & bonuses, you'll invest your money in funds and grow your savings over time.
Both the potential risk and potential reward is greater with investing. It should be regarded as longer term (at least 5 years) and you may get back less than you invest.
What's in our Starting Options?
We’ve worked with experts to put together three simple Starting Options (Cautious, Balanced and Adventurous), including a Global Shares ESG variant for each, so all you have to do is pick one.
Cautious
Aims for modest growth with low-risk investments.
Balanced
Aims for more growth with medium-risk investments.
Adventurous
Aims for the highest investment growth by accepting a greater level of risk.
Fees
We believe in being fair and transparent, so we've set out the fees you'll pay for our Stocks & Shares Lifetime ISA in the table below. These fees cover all trading and transaction costs.
Monthly subscription fee Free for the first 3 months. Free for customers with £5k or more in their Cash ISA and/or Simple Saver. | £1 |
Annual Moneybox platform fee Accrued daily, charged monthly. | 0.45% |
Annual fund provider costs There are additional fees charged directly by the fund provider. Please check the key investor information document (KIID) for a particular fund for more information. |
What else should I know about the Stocks & Shares Lifetime ISA?
You can use the Lifetime ISA to buy your first home up to the value of £450,000 anywhere in the UK
Your account must be open for at least one year from the date of your first deposit before purchase.
You may get back less than you put in
If you need to withdraw money before retirement, or for any reason other than buying your first home, you'll pay a government charge of 25% on the amount you withdraw.
You must be aged 18-39 to open a Lifetime ISA
And you can continue contributing into a Lifetime ISA until you are aged 50.
Your investments held in a LISA are tax free
Tax treatment depends on individual circumstances and may be subject to change in the future.
You must be a UK tax resident (and non-US person) only.
Lifetime ISA questions & answers
Read more information about the Lifetime ISA. If you have any questions, please chat to us in the app or email us via support@moneyboxapp.com.
Can I open a Lifetime ISA if I already have an ISA?
Yes, you can pay into a Lifetime ISA and an ISA in the same tax year if you wish!
Just note that the annual contribution limit for the Lifetime ISA is £4,000 per tax year, and this counts towards the overall annual ISA contribution limit of £20,000.
What is the difference between a Cash and Stocks & Shares Lifetime ISA?
We offer two types of Lifetime ISA:
This works like a cash savings account in that you earn interest on funds held in the account. The interest rate for the Moneybox Cash LISA is 4.55% AER, made up of a 1.75% AER (variable) interest rate and a 1.75% introductory bonus interest rate for your first year.
With a Stocks and Shares LISA, rather than earning interest like you do with a Cash LISA, you invest your money in funds. Investing over the long term (5 or more years) can offer higher returns, although it’s important to remember that the value of your investments can go up and down, and you may get back less than you invest.
How can I use my Lifetime ISA to buy my first home?
Our blog post outlines the full process of withdrawing from a Lifetime ISA.
You can use the amount saved in your Lifetime ISA towards your first home if:
The property costs £450,000 or less.
You buy the property at least 12 months after you open a Lifetime ISA. Your LISA is considered open from the date of your first contribution into the account.
You use a conveyancer or solicitor to act for you in the purchase. Moneybox will pay the funds directly to the conveyancer or solicitor.
You’re buying with a mortgage (using a buy to let mortgage is not permitted).
You have never owned a property before. This includes properties in the UK or in any other country. If you owned a property, or a share of one, through inheritance this counts as owning a property.
In addition to the above, you can find the full eligibility rules on the HMRC website.
If you’re unsure if your house purchase qualifies for a penalty-free LISA withdrawal, we’d recommend speaking with an appropriately-qualified conveyancer.
Once you’re ready to buy, just head to Settings > Withdraw > LISA at least a month before you expect to complete to provide us with your solicitor’s details and get the process started!
Free, expert mortgage support
We help you buy your first home from the first step to the doorstep, while our trusted partner First Mortgage searches over 12,000 mortgage deals to secure the right one for you.
Provided by First Mortgage Ltd.
Your home may be repossessed if you do not keep up with repayments on your mortgage.
Moneybox guide to Lifetime ISAs
What is a Cash Lifetime ISA?
Explore the benefits of a Lifetime ISA.
What is a Stocks & Shares Lifetime ISA?
Here's everything you need to know.
Which Lifetime ISA is right for you?
We break down the different types of LISAs.
LISA vs SIPP: Which is best for retirement saving?
The pros and cons of the two accounts for retirement savings.
It's important you know
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.
Capital at risk. 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.
Tax treatment depends on individual circumstances and may be subject to change in the future.
The Lifetime ISA is treated differently for tax purposes when compared to a pension. If you decide to opt out of your workplace pension and instead pay into a Lifetime ISA, you will not benefit from any employer-matched contributions into your LISA and it may affect your current and future entitlement to means-tested state benefits.
If considering the Lifetime ISA for the purposes of retirement, we recommend you speak with an independent financial advisor.