The rules that decide whether a Lifetime ISA is worth opening at all, quoted from GOV.UK and nothing else. Read 19 August 2026, for the 2026/27 tax year.
| Age to open | 18 to 39 |
| Pay in until | 50 |
| Maximum a year | £4,000 |
| Bonus | 25%, up to £1,000 a year |
| Counts toward | the £20,000 ISA allowance |
| Property cap | £450,000 |
| Minimum time held before a house purchase | 12 months |
| Unauthorised withdrawal charge | 25% (6.25% of your own money) |
18 to 39 — you must make your first payment before you turn 40.
Until you turn 50. The account stays open and keeps any growth after that, but no further payments and no further bonus.
Buying your first home at £450,000 or less with a mortgage, at least 12 months after your first payment; reaching age 60; or terminal illness with less than 12 months to live.
Closed to new savers. Existing holders can pay in up to £200 a month until November 2029 and must claim the bonus by November 2030.
Yes. The £4,000 LISA limit sits inside the overall £20,000 ISA allowance, so paying the LISA maximum leaves £16,000 for cash, stocks-and-shares and innovative finance ISAs combined.
Rates and limits read 19 August 2026 from GOV.UK: Lifetime ISA, withdrawing money and ISA allowances. Figures are for the 2026/27 tax year.
Rates and limits for the 2026/27 tax year, read 19 August 2026 from GOV.UK. Nothing here is financial advice: it is arithmetic on published rules, and no investment return is assumed anywhere.