Lifetime ISA
Thousands of savvy savers have already benefited from opening a Lifetime ISA. Are you one of them?
If you're aged between 18-39 you could earn up to £1,000 per year in free cash from the Government (until your 50th birthday) to put towards your your first home or retirement. For every £4 you invest, you will receive a £1 bonus.
The maximum you can save each tax year is £4,000. Your Government bonus is paid every time you pay in and we’ll claim it for you - up to £1,000 each tax year. You can withdraw money from a Lifetime ISA to buy your first home or at age 60. Any other withdrawals will usually mean a 25% Government charge, so you could get back less than you put in.
We're one of the few providers to offer Lifetime ISAs and we've made it super easy for you to open your account online, or if you prefer, you can visit one of our branches and open one there. This year, seven times more of our customers are choosing a Lifetime ISA over a Help-to-Buy ISA.**
We're the only Lifetime ISA provider who will give you fee FREE mortgage advice when you are ready to buy your house. As a Lifetime ISA customer through our Nottingham Mortgage Services you automatically qualify for fee free mortgage advice worth up to £249 after 12 months. Our advisers will search 1,000s of mortgages, get the right match for you, explain the jargon and take care of the paperwork so you can move into your first home.
Account details
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25% Government bonus
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UK residents aged 18-39
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Earn interest tax-free
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Transfers in are not accepted
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Available online or in branch
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Deposit up to £4,000 per year
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Open with £10
Summary table
Account name
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Lifetime ISA
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Interest rates (AERs)
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Annual interest 1.00% tax-free p.a./AER*
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Tax status
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Tax-free
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Conditions for bonus payments
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25% Government bonus, pay in up to £4,000 per year, only subscribe to one Lifetime ISA each year, available to customers aged 18-39
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Withdrawal arrangements
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25% withdrawal charge unless for an eligible reason as defined by HMRC
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Access
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Branch or Online
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Additional information
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If you save in a Lifetime ISA instead of enrolling or contributing to a pension scheme, you may lose valuable employer contributions. Entitlement to any means-tested benefits may be affected
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Key product information
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Download key product information
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Apply for an account
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