The Lifetime ISA hands you a 25% government top-up on what you save — up to £1,000 free every year. Enter your annual contribution and time frame to see the bonuses, growth, and total pot for a first home or retirement.
£4,000 annual limit · 25% bonus
A Lifetime ISA (LISA) is a tax-free savings or investment account for people aged 18 to 39. You can pay in up to £4,000 a year (which counts towards your overall £20,000 ISA allowance), and the government adds a 25% bonus — up to £1,000 a year — paid monthly. The pot is for one of two goals:
| Yearly contribution | Annual bonus |
|---|---|
| £1,000 | £250 |
| £2,000 | £500 |
| £4,000 (max) | £1,000 |
For a first home, the LISA's bonus is hard to beat. For retirement, a workplace pension with employer matching usually wins, but a LISA can be a useful tax-free top-up. Compare a standard tax-free wrapper on the ISA calculator, the pension route on the pension contribution calculator, and general growth on the compound interest calculator.
25% of your contributions, up to £1,000 a year. Pay in the £4,000 maximum and the government adds £1,000.
Yes — towards a first home up to £450,000, once the account has been open 12+ months. You can also keep it for retirement and withdraw tax-free from 60.
Yes — a 25% charge for any withdrawal other than a first home or retirement after 60. This can leave you with less than you paid in.
UK residents aged 18 to 39. You can keep paying in and earning the bonus until you turn 50.
