Who is eligible for a Lifetime ISA?

If you’re aged between 18 and 39 you can open a Lifetime ISA, and could earn up to £1,000 per year from the Government until you reach your 50th birthday. For every £4 you save, you’ll receive a £1 Government bonus which you can then use to put towards your first house purchase or your retirement. Find out more about our 1.05% Lifetime ISA , which is also known as LISA, and let us and the Government help you boost your hard-earned savings.

How much can I save in a Lifetime ISA each month?

There is no minimum amount you can deposit into your Lifetime ISA each month. The annual deposit limit for each tax year is £4,000, which averages to £333 per month. However, you can deposit more than this in some months and less in others, as long as you don’t surpass £4,000 in total during that tax year. The Government will pay a 25% bonus on your contributions, up to a maximum of £1,000 a year.

How much can I save in a Lifetime ISA in a year?

Your Lifetime ISA annual saving limit spans the length of the tax year, which runs from April 6th to April 5th. You are allowed to invest a maximum of £4,000 during these 12 months. You can only open one Lifetime ISA per tax year and deposit into this account only. The Government will pay a 25% bonus on your contributions, up to a maximum of £1,000 a year.

Lifetime ISA calculator

Answer the following questions to find out how much you could save in a Lifetime ISA, which is also known as LISA.

How old are you?

What are you saving towards?

How often do you want to save?

How much do you want to save each month? (£) (You can save up to a maximum of £333 each month)?

How much do you want to save each year? (£) (You can save up to a maximum of £4,000 each year)?

In how many years do you want to buy your first home?

What age do you plan to retire?

These figures should only be treated as a guide and are based on the account having an interest rate of 0.50% AER/tax-free variable.

Our Lifetime ISA has moved

The Lifetime ISA is now available with Beehive Money via the app and the website for existing members. Existing online Lifetime ISA customers will now have been migrated from The Nottingham to Beehive Money and they’ll now be a part of a sociable saving community with helpful tools and easy-to-use features. Beehive Money is designed to help you track and manage your savings effortlessly.

If you don’t already have a Nottingham Building Society Lifetime ISA, download the Beehive Money app and open an account today!

Lifetime ISA FAQs

The Lifetime ISA is a great way for those aged 18-39 to save for their first home or for later life and retirement. Learn more about Beehive Money's Lifetime ISA by reading their FAQs.

Read Beehive's FAQs

Tax-free savings

Saving is even more rewarding when you don't pay tax on the interest you earn. Most people can already earn some interest from their savings without paying tax.

Find out more

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