With our Online Cash Lifetime ISA, you can save up to your LISA allowance each tax year (£4,000 for the current tax year) and the government will give you a 25% bonus on top of your savings every year, bringing you that bit closer to owning your own home. Saving for a deposit can be a big hurdle, so this could be a handy boost to help you onto the property ladder.
A LISA is only available if you are aged between 18-39. You can withdraw money from your LISA to buy your first home after 12 months from your first payment in. Any other withdrawals before the age of 60 would incur a 25% government withdrawal charge, which would mean you’d get back less than you paid in.