Before you apply for a Lifetime ISA

You'll need around 10 minutes to complete your Lifetime ISA application.

What you’ll need:

  • Your National Insurance number – you'll find this on your National Insurance card, a benefit letter, payslip or P60.
  • Your bank details  – so we can verify your account.  
  • Your debit card details – so you can put cash in your Lifetime ISA.
  • Details of a Lifetime ISA you have elsewhere – if you want to transfer it to us.

Before you apply, just remember:

  • You can only open a Lifetime ISA if you’re between ages 18-39
  • Our Lifetime ISA is for investors who are comfortable choosing and managing their own investments
  • You’ll need to fund your account with either a Direct Debit from as little as £25, a one off payment of £250 or a transfer from another Lifetime ISA
  • The value of your investments can go down as well as up, and you could lose money as well as make it
  • How you’re taxed will depend on your circumstances, and Lifetime ISA and tax rules can change

What you need to know about Lifetime ISAs:

  • You can pay in up to £4,000 into a Lifetime ISA and receive a 25% government bonus worth up to £1,000, each tax year until aged 50
  • Your Lifetime ISA must be open for at least 12 months before you can use it to buy your first home (worth up to £450,000). You can also access it when you turn 60, or if you become terminally ill
  • If you withdraw money from your LISA for any other reason, you'll pay a government withdrawal charge of 25% – which means you may get back less than you put in
  • If you save into a Lifetime ISA instead of enrolling in a pension scheme, you may miss out on the benefit of employer contributions, and it could affect your future entitlement to means-tested benefits

Get to know our Lifetime ISA

Make sure an AJ Bell Lifetime ISA is right for you by reading about our LISA's key features, terms and conditions, risks and LISA charges and rates.

If you’re unsure, read more about our Lifetime ISA.

We’ll use your data in line with our privacy policy. This explains what data we collect, how we use, share, and store it – including the potential impacts of third parties using your data.