Personal finance
Lifetime ISA
A UK ISA for people aged 18 to 39 to save for a first home or retirement, with a government bonus added to what you put in. Withdrawing for anything else, before 60, costs a penalty.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
We used our Lifetime ISAs for the house deposit.
Also called LISA.
Videos.
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