The ISA with a 25% bonus
Lifetime ISAs allow you to invest up to £4,000 this tax year towards buying your first home or retirement. For every £4 you invest, the government will top it up by a £1, that's a 25% bonus on the money you pay in every year until you are 50. It's only for those aged 18 to 39.
The Lifetime ISA was launched by the government in April 2017 to encourage saving for later life and to help first time buyers save for their first home.
Find out more about Lifetime ISAs, and how they work »
Saving for retirement
Find out more about investing for retirement »
Saving for your first home
Key documentation
- Terms and Conditions
- Global Mixed Investment Fund Key information document
- Global Equity Fund Key information document
- Lifetime ISA important information
Things to consider
OneFamily only offers a stocks and shares Lifetime ISA. The value of stocks and shares can fall as well as rise and you could get back less than you have paid in.
If you withdraw the money before you’re 60, and it’s not for the purchase of a first home up to £450,000, or a terminal illness, the amount withdrawn will be subject to a 25% Government withdrawal charge.
We do not provide advice on Lifetime ISAs. If you have any doubts over the suitability of this product based on your personal circumstances, please seek advice from an independent financial adviser.
Find out how much your Lifetime ISA could be worth using our calculator
Please ensure you open and read the dedicated projections table below before using the projections calculator
I am years old
and I can pay per month
into a stocks and shares Lifetime ISA.
Retirement
When you reach 60Your contributions
Government bonuses
£111,197
5% annual growth
2% annual growth
8% annual growth
First home
Buying in yearsYour contributions
Government bonuses
£21,838
5% annual growth
2% annual growth
8% annual growth
About your results
The figures are a guide only and we can't guarantee them. They are not a reliable indication of future performance. The amount you get back depends on how the investment grows, stocks and shares can fall as well as rise so you could get back less than you paid in. Also, the cost of living generally increases so the final amount may not buy as much in the future as it could now.
We'll send you statements four times a year to show you how your account is coming along.
The results assume amounts for low (2%) mid (5%) and high (8%) annual growth levels. These figures include a deduction of annual management charges of 1% and additional expenses of up to 0.3%. They also include an estimated inflation rate of 2.5%. Calculations are not exact and charges and inflation rates may vary in the future.
Choosing your fund
OneFamily only offers a stocks and shares Lifetime ISA. The value of stocks and shares can fall as well as rise and you could get back less than you have paid in. We do not offer a cash Lifetime ISA option. If you'd like to find out more about stocks and shares versus cash, please click here.
Aim: greater potential returns, at higher risk over the long term
Our Global Equity Fund could be the right choice for you if you:
- Want a stocks and shares Lifetime ISA
- Are planning to invest for over 10 years
- Have a longer term saving goal so are happy to accept more risk for greater potential returns
Key documentation:
Other useful documents:
Aim: steady growth,
moderate risk, over the shorter term
Our Global Mixed Investment Fund could be the right choice for you if you:
- Want a stocks and shares Lifetime ISA
- Are planning to invest for at least 5 years
- Have a shorter term goal so prefer to accept less risk
Key documentation:
Other useful documents:
How much does it cost?
When investing in a stocks and shares Lifetime ISA there are always some underlying costs, regardless of your chosen provider. Our costs for managing your Lifetime ISA investment have been kept to a minimum, so you keep as much of your money as possible.
If you withdraw the money before you’re 60, and it’s not for the purchase of a first home up to £450,000, or a terminal illness, the amount withdrawn will be subject to a 25% government withdrawal charge.
1% Annual
Management
Charge
£25 direct debit or £250 lump sum required to open your account
Up to 0.3%
Investment
Expenses Charge
Get a Lifetime ISA
Please ensure you have read all key documentation before proceeding.
Am I eligible for a Lifetime ISA?
Not everyone will be eligible for a Lifetime ISA.
We've created a simple tool to help you find out whether you can open one.
Why choose OneFamily?
We're owned by and work for our members
Trusted by over 2 million customers
Looking after over £7.4 billion of family money
Serving around 1 in 12 families
Lifetime ISA FAQs
Can I have multiple Lifetime ISAs?
What’s the maximum I can contribute to a Lifetime ISA?
When can I withdraw money from my Lifetime ISA?
Get a Lifetime ISA today
Simply follow the online instructions and apply for a Lifetime ISA.
It should only take you around 10 minutes from the start of the application.
Please ensure you have read all key documentation before continuing.