Important Lifetime ISA information
If you’re aged between 18 and 39 years, a Lifetime ISA (also known as LISA) could earn you 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 - you can then use this money to put towards your first house, or your retirement.
With the Lifetime ISA, the maximum you can save in a tax year is £4,000, meaning your Government bonus will be a maximum of £1,000 a year.
For current Lifetime ISA customers
We need to receive cleared funds by 10.30pm on Sunday 5th April for it to be included in the 2019/2020 tax year allowance. Please note some banks and building societies do not process faster payments over a weekend so we advise customers to check with the provider the funds are coming from to ensure the funds will reach us ahead of our deadline.
For new online Lifetime ISA accounts
We recommend those wishing to open a LISA with The Nottingham this financial year attempt to do so before 5pm on Friday 3rd April. If the application is referred for any additional verification checks, the account would not be created and will not be available to fund this tax year 2019/2020. Customers will need to include all monies they wish to invest for this financial year 2019/2020 in their initial funding payment as the standard lead times of funding within 14 working days do not currently apply if these funds are to be included in your 2019/2020 allowance.
Fee free mortgage broker advice
Once you've saved at least £500 in your account for 12 months, you'll have access to fee free mortgage broker advice from Nottingham Mortgage Services, which is usually £299. We know the house buying process can be confusing but their trusted mortgage brokers will clear things up for you about by telling you much deposit you may need to save and how much you could actually borrow.
25% Government bonus
UK residents aged 18-39
Available online and in branch
Earn interest tax-free
Deposit up to £4,000 per year
Open with £10
Transfers in from a single Lifetime ISA provider are permitted (new online accounts only - aged 18-39)