for a place to nest

The ISA for first-time buyers

Up to a £1,000 annual government bonus towards your first home. Please read all key documentation before applying.

  • 25% government bonus on the money you invest

  • Available to anyone between 18 and 39

  • Simple fund choice and management charges

  • Transfer in your Help to Buy ISA easily

What is a Lifetime ISA?

Lifetime ISA's allow you to invest up to £4,000 in this current tax year towards your first home. For every £4 you save the government will top it up by £1, that's a 25% bonus on the money you pay in every year until you are 50, but it's only for those aged 18-39.

Find out more about Lifetime ISAs

Buy your first home with a Lifetime ISA

Reach your saving goals quicker by taking advantage of the 25% government bonus. As a potential first-time buyer, a Lifetime ISA could be a great way to save for your own home that little bit faster.

Lifetime ISAs are designed to help people get on the housing ladder, or invest towards retirement. You can use all or part of your funds to pay the deposit on a first home worth up to £450,000.

Key documentation

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.

Please note your Lifetime ISA must be open for 12 months before you can withdraw for the purchase of your first home without incurring any withdrawal charge.

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money before you’re 60, and it’s not for the purchase of a first home up to £450,000, or a terminal illness, the amount withdrawn will be subject to a 25% Government withdrawal charge which means you could get back less than you have paid in.

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.

How much could your Lifetime ISA be worth?

Please read this projections document before using our calculator.

The document is intended to give you an idea of what your Lifetime ISA might be worth when you reach the age of 60, depending on the age you start saving. As a result, it may not be relevant to you if you’re using a Lifetime ISA for a house purchase.

Saving for

Amount you'd like to invest each year

£
or per month
Please only include numbers
When opening a OneFamily Lifetime ISA, we require you to set up a regular direct debit of £25 or alternatively, you can make a £250 lump sum payment
You can only pay a maximum of £4,000 per year into a Lifetime ISA

Your age

Number of years investing

Assumed rate of growth

Your Lifetime ISA could be worth:
which, adjusted for inflation, is £00,000
Total invested £00,000
Your contributions £00,000
Government bonus £00,000
Your Lifetime ISA could be worth:
which, adjusted for inflation, is £00,000
Total invested £00,000
Your contributions £00,000
Government bonus £00,000

These 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%. Inflation is the general tendency for prices to increase over time. Inflation over time can affect the purchasing power of your money. Calculations are not exact and these charges and inflation rates may vary in the future. We send statements four times a year to show how the account is coming along.

These figures are a guide only and not a reliable indication of future performance or a guaranteed projection of what your Lifetime ISA will be worth. The amount you get back depends on how your investment grows. Remember that investments can fall as well as rise and you may get back less than you invested.

Transfer your Help to Buy ISA

Help to Buy ISA applications will come to an end in November 2019, and if you have an existing Help to Buy ISA you can easily transfer it into your OneFamily Lifetime ISA. For many first-time buyers a Lifetime ISA will be more beneficial as it can be used to fund your deposit.

Compare the differences between a Help to Buy and Lifetime ISA

What makes our Lifetime ISA different?

The OneFamily Lifetime ISA, invested in stocks and shares, aims to make saving for your future as simple as possible. Please be aware that the value of stocks and shares can fall as well as rise, and you could get back less than you have paid in.

With OneFamily you will have

  • A simple fund choice - one designed for shorter term (at least 5 years) and one for long term saving (at least 10 years)
  • An easy process of switching between funds, free of charge
  • A simple 1% annual management charge, please refer to product documents for details of other charges
  • Simple application and online management - at your fingertips 24/7

Find out if you can get a Lifetime ISA

Use our simple tool to see if you are eligible for a OneFamily Lifetime ISA account, and what to do next.

Find out if you're eligible