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Tax free saving for your first home and later life: what is a LISA, who can apply, 25% government bonus, withdrawal charges.

• Overview

  You can use a Lifetime ISA (Individual Savings Account) to buy your first…

• Who can open a Lifetime ISA

  You must be 18 or over but under 40 to open a Lifetime ISA. To open and…

• Withdrawing money from your Lifetime ISA

  You can withdraw money from your ISA if you’re: buying your first home…

Find out how you should manage Lifetime ISAs including payments, transfers and withdrawals.

• Updated: 15 May 2020

If you lost your lifetime allowance protection as a result of the public service pension remedy (also known as McCloud), you may be able to reinstate it.

• Updated: 22 August 2023

Check and amend your pension lifetime allowance protection.

• Updated: 17 November 2025

Find out who can open a Lifetime ISA, what information Lifetime ISA managers need to apply, how people pay and claim government bonuses.

• Updated: 6 April 2023

Find out about lifetime allowance charges following the public service pensions remedy (known as McCloud), including how to request a refund and report new charges.

• Updated: 5 October 2023

This document confirms the design of the Lifetime ISA following detailed discussions with industry since the scheme was announced.

• Updated: 15 September 2016

Apply to be an approved Lifetime Individual Savings Account (LISA) manager, or check the status of your application.

• Updated: 21 May 2024

If you have pension lifetime allowance protection or have had a benefit crystallisation event, check if the public service pensions remedy (known as McCloud) has affected these.

• Updated: 6 May 2025

Find out about transferring Lifetime ISAs to a new Lifetime ISA manager or another type of ISA.

• Updated: 12 March 2020