for planning our future

Saving towards retirement just got easier

Up to £1,000 government bonus towards your retirement
Please read all key documentation before applying

Apply for a Lifetime ISA

  • 25% government bonus on the money you invest

  • Simple choice.
    Two investment funds

  • 1% annual
    management charge

  • Simple to apply
    and manage online

Could a Lifetime ISA boost your retirement savings?

For every £4 you invest into a Lifetime ISA, the Government tops it up with £1, that's a 25% government bonus. This could mean you invest an extra £1,000 if you pay in the maximum of £4,000 allowed in this current tax year.

Saving for retirement is long term commitment. We don't offer a cash Lifetime ISA, we only offer a stocks and shares Lifetime ISA.

Hear how Ahmed plans to save for his retirement

Are you self-employed?

If you’re self employed and thinking about saving for your retirement you won't be able to rely on a company pension, it’s all down to you. Investing for retirement is a long term commitment so leaving the money invested until you’re ready to retire has to be the plan, but juggling cash flow is always a factor. With a Lifetime ISA, if you really need to, you can take your money out at any time (allowing for the fact there is the 25% government withdrawal charge on the amount taken out if not used for the purchase of your first time or retirement at 60).

Are you in your late 30s?

Lifetime ISA's are only available to those aged 18-39, although you can continue to pay in until you are 50. Sadly once you're 40 you no longer qualify, and your opportunity to take advantage of the annual government bonus is lost.

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.

If using for retirement, in place of a pension, you could lose out on valuable employer contributions.

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, you’ll pay a 25% government withdrawal charge.

Money held in a Lifetime ISA could affect your entitlement to means tested benefits.

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.

What makes our Lifetime ISA different?

Being bombarded with dozens of fund options and complex charges can be confusing, and unhelpful. That's why the OneFamily Lifetime ISA, invested in stocks and shares, makes investing for your future as simple as possible.

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 have:

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

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.

Find out if you're eligible

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.

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, you’ll pay 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 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.

Apply for a Lifetime ISA

Lifetime ISA FAQs

Still have questions? See all our FAQs