The Lifetime ISA.
The government will add a 25% bonus to what you invest, up to £1,000 a year on your maximum £4,000 investable allowance until you are 50.
No, you must be aged 18–39.
But if you have generous benefactors in your life, they can contribute to your LISA (cough – calling all affluent and benevolent parents and grandparents).
Your LISA must be used either to buy your first home (under the value of £450,000), otherwise you can access it penalty-free from age 60.
You can invest in a LISA and use the rest of your annual tax-free ISA allowance of £20,000 per year.
EQi puts you in control of your investments. We give you the tools and insight needed to make decisions about where to invest, based on your financial goals and attitude to risk. Plus, we have the lowest custody fee in the market at 0.2%*.
* Accurate as of March 2020.