Policy paper

Lifetime ISA – explained

The Lifetime ISA explained in a one-page fact sheet.



The September 2016 factsheet provides an update following the Lifetime ISA technical note also published in September 2016.

This fact sheet sets out all you need to know about the Lifetime ISA, announced at Budget 2016 – including how it will work.

The Lifetime ISA will help young people save flexibly for the long-term. It will let them save for a first home and for their retirement, without having to choose one over the other.

If you’re looking for information on how the scheme will work in practice, including eligibility criteria, view the Lifetime ISA scheme outline.