What is a Lifetime ISA?
The Lifetime ISA, which was announced in the 2016 Budget, is a new type of Individual Savings Account (ISA) designed to help you save for a new home and your retirement at the same time.
From 6 April 2017, if you are aged between 18 and 39, you'll be able to open a Lifetime ISA.
The government is collaborating with the financial industry to establish exactly how the Lifetime ISA will work in practice. This is what has been announced so far but could be subject to change.
We'll update the information on this page when the government has confirmed more details. For now, you can still save £15,240 into ISAs in the current 2016/2017 tax year. Find our more on our ISA Range page.