How much can I pay into my Lifetime ISA?

You can pay up to £4,000 per year into your Lifetime ISA every tax year until the day before your 50th birthday. There are two ways to pay in - directly, or by transferring from another ISA.

If you chose to pay in to your Lifetime ISA directly, you may want to contribute monthly using our regular investment service. This allows you to put as little as £25 a month into one or more investments - including any FTSE 350 shares, selected investment trusts, ETFs and funds. The dealing charge starts from just £1.50 per investment.

To get started, head to the ‘Regular investments’ page from your account. To ensure there's always cash in your account to invest, you could also set up a monthly Direct Debit.

Money you pay into your LISA normally counts towards your overall ISA allowance of £20,000. If you fully fund your LISA by paying in £4,000 in a tax year, you can pay your remaining £16,000 allowance into your other ISAs.

It’s also important you fund your Lifetime ISA before the end of the tax year in which you open it, or before your 40th birthday (whichever comes first). Otherwise, we'll need to close it.

Upon opening a Lifetime ISA, you'll need to choose how you want to initially fund your new account. You can set up a monthly direct debit of as little as £25, make a one-off payment of at least £250, or transfer over an existing ISA for free.