Open a Lifetime ISA and give your investment a head start
You can open an account in minutes and start getting a boost towards your first home or later life.
Temporary reduction of Lifetime ISA withdrawal charges from 25% to 20%...
Due to the financial pressure everybody is under as a result of the Covid-19 situation, the Government has temporarily agreed to reduce the withdrawal charge on Lifetime ISA from 25% to 20% for any charges incurred between 6 March 2020 and 5 April 2021. This charge is only payable when money is withdrawn for a reason other than purchasing your first home before the age of 60.
Read more
25% government bonus on the money you invest
Available to 18-39 year olds
Designed to help you save for your first home or later life
2 simple investment options to choose from
About the OneFamily Lifetime ISA
What is a Lifetime ISA?
A Lifetime ISA is an individual savings account (ISA) designed to help towards buying your first home or for use at later life. Read our FAQs
25% government bonus
For every £10 you pay in, the government will add a bonus of £2.50 to your savings
How much can I invest?
Invest up to a maximum of £4,000 in the current tax year and the government will add an extra 25%. So for every £10 you save, you’ll get £2.50 extra – up to £1,000 per tax year. Tax rules may change in the future
What can I use it for?
A Lifetime ISA is designed to help you purchase your first home or to save for later life (60+). Penalties apply for any withdrawals before age 60 that are not for the purchase of your first home
Who is it available to?
You can open a Lifetime ISA if you’re aged between 18 and 39, but you can continue to pay in until your 50th birthday
How can I open my account?
Start investing from as little as £25 per month or a £250 lump sum
What kind of account is it?
Our Lifetime ISA invests in stocks & shares so it has good potential to grow over the long term.
In fact, in every 18 year period over the last 50 years, stocks and shares have grown more than cash accounts (where money is protected)*.
However, investments can go down as well as up so you could get back less than has been put in
*Barclays Equity Gilt Study March 2018. Average annual real rate of return based on Barclays indices.
Video transcript
Realising your financial goals
We all have financial goals. Whether you want a holiday a car a house or your own island, we all have dreams.
But without the ability to predict the future how can we turn our dreams into a reality?
If you rely on traditional methods to save like a cash savings account then you've probably seen the return on your money turn into a slow trickle - that's because interest rates are pretty low at the moment. When you put your hard-earned cash in you're not getting much out.
So what's the alternative?
There are lots of different ways to save. One option that could yield potentially higher returns is saving in stocks and shares.
We know the world of investments can seem complicated and out of reach, but you don't need to be a genius to be able to put your money in the stock market. The truth is anyone can invest for as little as ten pound a month.
In fact, in some ways adding to your investments regularly with small amounts is a safer option as you're less exposed to short-term fluctuations in the market.
Getting started
To get started you have to picture your financial goal, how far away it is and how much you're going to need. Then you need to think about your risk appetite.
If you're comfortable investing for five to ten years you might see the value of your investment go up and down several times, but the longer you stay on the ship the more likely your voyage will be plain sailing.
Here at OneFamily we believe opening a stocks and share saving product shouldn't be intimidating. In fact, we run a tight ship and we're here to help you find you sea legs, so hop on board with OneFamily today and start your journey.
Here's what our customers are saying....
How does a Lifetime ISA work?
Pick an investment option
Our two investment options are built by experts and invest in varying degrees of company shares for varying degrees of risks. Choose the one which works for you.
Our Global Mixed Lifetime ISA
At a glance
- Global Mixed is a more cautious way for you to invest if you want to spread the risk. We’ll put up to 35% of your money into stocks and shares, with the rest in fixed interest products
- The 35% is invested into the stocks and shares of companies chosen for their environmental credentials
Here's how your investment helps
- Invests at least 65% of your money in fixed interest investments to reduce risk
- Only invests money in companies that make up two leading fixed interest investment indices
- Invests up to 35% of your money in companies that are making a difference to our environment through sustainable climate activities
- Focuses on companies who are better prepared to tackle climate change
It's important to remember
- This product invests in company shares so to maximise its growth potential you should consider keeping it invested for a few years before you withdraw it. You can withdraw your money whenever you want but you could get back less than you’ve paid in
To find out more about our Global Equity investment option, please read our Key Information Document
Our Global Equity Lifetime ISA
At a glance
- Global Equity is a more adventurous way to invest – it can bring you higher financial returns, but expect more ups and downs along the way
- All of your money is invested in companies who are chosen for their environmental credentials, helping it make more of a difference to the environment
Here's how your investment helps
- Invests in companies that are making a difference to our environment through sustainable climate activities
- Focuses on companies who are better prepared to tackle climate change
- Targets increasing revenues from green business activities
- Aims to lower CO2 emissions from their activities
- Aims to reduce fossil fuel reserves (greenhouse gas emissions) and brown revenues (such as mining and drilling)
It's important to remember
- This product invests in company shares so to maximise its growth potential you should consider keeping it invested for a few years before you withdraw it. You can withdraw your money whenever you want but you could get back less than you’ve paid in
To find out more about our Global Global Mixed investment option, please read our Key Information Document
Open a Lifetime ISA with us today
Before you invest, it’s important to remember:
- Our Lifetime ISA invests in stocks & shares so its value can go down as well as up meaning you could get back less than has been paid in
- The Lifetime ISA limit in the current tax year is £4,000. Tax rules will depend on individual circumstances and may change in future
- You can withdraw money from a Lifetime ISA to buy your first home or from age 60. Other withdrawals will mean a penalty charge of 25% (temporarily reduced to 20% for any chargeable withdrawals made between 6 March 2020 and 5 April 2021)
By clicking apply and starting the application you confirm you have read, and agree to, the terms and conditions and relevant Lifetime ISA documents