Looking to buy
your first home?

It may be easier than you think with the Moneybox Stocks & Shares Lifetime ISA.

Save up to £4,000 each tax year and get a 25% government bonus.

Download the app and get started with £1.

An introduction to the
Moneybox Stocks & Shares Lifetime ISA

What is the Lifetime ISA?

  • The Lifetime ISA is a new product, designed by the government to help you buy your first home.
  • With the Lifetime ISA you get a 25% government bonus on all savings up to £4,000 per year.
  • For every £4 you pay in, you get £1 for free to put towards your first home.
  • If you pay in the maximum of £4,000 you’ll receive a £1,000 bonus. Over time, these bonuses could give you a real head start.
  • If you withdraw for any reason other than buying a first home (after the LISA has been open for 12 months), or retirement after 60 you will pay a government charge of 25%.The net effect of the 25% bonus, then 25% charge is that you lose £6.25 per each £100 you pay in (excluding gains/losses and fees)

What else should I know?

  • To open a Lifetime ISA you must be aged 18-39.
  • You can continue contributing into a Lifetime ISA until you are 50.
  • You must be a UK tax resident (and non-US citizen) only.
  • You must use it to save towards your first home, provided the value is no more than £450,000, or for your retirement when you reach 60. Please note you must have held your Lifetime ISA for at least one year before using it to purchase your first home.

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Join over 200,000 people already saving and investing for their future with the award-winning Moneybox app.

Best Money App
2019
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2019
Digital Wealth Management Provider
of the Year
2019
FinTech Innovator of the Year
2017

Safety and transparency

Covered by the FSCS

Your investments are covered by the government's Financial Services Compensation Scheme up to a limit of £85,000.

Bank level encryption

We use 256-bit TLS encryption for all your personal information and will never share any of your details with third parties without your consent.

FCA regulated

We are authorised and regulated by the Financial Conduct Authority.

We're here to help

If you have any questions, you can chat to us in the app or email us via support@moneyboxapp.com.

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.

Stocks & Shares Lifetime ISA Stocks & Shares Lifetime ISA

  • Monthly subscription fee
    This covers all investment accounts. E.g. If you have a Stocks & Shares ISA and a General Investment Account, you will pay £1 in total each month.
    £1.00

    Free for the first 3 months

  • Moneybox platform fee0.45%

    Charged monthly

  • Annual fund provider costs
    Incl. transactions
    0.12% - 0.30%

    Charged monthly

It's important you know

Please note that you may get back less than you invest if the value of your investments falls.

There is a 25% government withdrawal charge unless you use the money towards buying your first home (up to £450,000) or for retirement (from age 60).

Please note that a Lifetime ISA is treated differently for tax purposes when compared to a pension.

If you decide to opt out of your workplace pension to pay into a Lifetime ISA, you will not benefit from any employer-matched contributions 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 as considerations can be complicated.

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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