Annual Contribution
£0
Annual Bonus (25%)
£0
Years to Age 50
0
Total at Age 50
£0
Total Bonus Earned
£0
Total at Age 60
£0
Savings Projection
Deposit Needed
£0
Still to Save
£0
LISA Bonus to Receive
£0
Time to Save
0 months
Total Contributions
£0
Total Bonus
£0
Investment Growth
£0
Value at 60 (Tax-Free)
£0
Lifetime ISA
£0
25% bonus added
Tax-free withdrawals at 60
Pension
£0
20% tax relief
25% tax-free lump sum at 55+
Lifetime ISA Key Facts 2025/26
Government Bonus
25%
Up to £1,000/year
Annual Limit
£4,000
Per tax year
Max Home Price
£450,000
First home purchase
Early Withdrawal
25%
Penalty charge
Eligibility
- Must be aged 18-39 to open a LISA
- Can contribute until age 50
- Must be UK resident for tax purposes
- £4,000 limit counts towards £20,000 total ISA allowance
Warning: The 25% early withdrawal charge means you'll get back LESS than you put in. Only use LISA if you're confident about buying a first home or saving for retirement.
HMRC Compliant
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500K+ Users
Frequently Asked Questions
How much is the LISA government bonus?
25% of your contributions, up to £1,000 per year. Contribute £4,000 to receive the full £1,000 bonus. Over your lifetime (ages 18-50), you could receive up to £32,000 in bonuses.
Can I use a LISA to buy my first home?
Yes, for properties up to £450,000. You must have held the LISA for at least 12 months, be buying with a mortgage, and intend to live in the property yourself.
What happens if I withdraw from my LISA early?
You'll pay a 25% withdrawal charge unless buying a first home or withdrawing after age 60. This means you lose the bonus AND some of your own money.
Is a LISA better than a pension?
For basic rate taxpayers, they're similar. Higher rate taxpayers benefit more from pensions (40% relief vs 25% LISA bonus). However, LISA withdrawals are tax-free after 60.
Who can open a Lifetime ISA?
UK residents aged 18-39. You can contribute until age 50 but must open the account before turning 40.
Related Calculators
Last updated: January 2026 | Verified with latest UK rates
Expert Reviewed — This calculator is reviewed by our team of financial experts and updated regularly with the latest UK tax rates and regulations. Last verified: January 2026.
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