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Lifetime Individual Savings Account

What is a Lifetime Individual Savings Account (LISA)?

Lifetime Individual Savings Account (LISAs) are a new type of ISA designed to help people aged between 18 and 40 save up for their first home, or retirement. At the end of the tax year the Government will top up your ISA with a 25% bonus. You will be able to earn a 25% bonus on your LISA contributions up until the age of 50.

Lifetime ISAs can hold cash, stocks and shares qualifying investments, or a combination of both.

Contribtuions can continue until you reach 50 with the account remaining open after this, however you cannot make any more payments into it.

Your savings will be kept on a tax-free basis for as long as you keep the money in your LISA.


To be eligible to invest in a LISA;

  • You must be between the ages of 18 and 40

You must also be either;

  • Resident in the UK
  • A Crown Servant (for example a diplomat or civil servant)
  • The spouse or civil partner of a Crown Servant

Any money you put into your LISA will be included as part of your annual ISA contribution limit.

Find out more in our Lifetime Individual Savings Account Guide

Tell me more about Lifetime Individual Savings Accounts (LISA's)

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Why choose Invest Southwest for your LISA Advice?

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  • We are highly recommended by our clients
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Independent Savings & Investment Advice

The Financial Conduct Authority does not regulate tax advice.

The value of investments can fall as well as rise. You may get back less than you invest.