A Lifetime ISA (LISA) is available to UK residents aged 18-39
Receive up to £1,000 in government bonuses each year
The EQi stocks and shares LISA has the lowest rate in the market*
Take control of your investments and benefit from the lowest custody rate in the market
With EQi, you'll pay a custody fee of just 0.2% per annum. What you save in fees will go towards your LISA goal, whether that be your first home or an additional retirement pot.
EQI is your personal investment platform, created to offer independence, choice and control over your investments.
A LISA is a Lifetime ISA, an account available if you are aged between 18-39. It was introduced in 2017 to help people save for their first home or put money aside for their retirement.
The government withdrew its Help to Buy ISA in November 2019 but the Lifetime ISA still offers a clear advantage to younger investors.
The big plus is that you can invest up to £4,000 in an EQi LISA each year, giving you access to a wide range of investments, and the government will add a 25% bonus up to a maximum of £1,000.
Couples saving for a first property can each open an EQi LISA and any gains your investments make will be free from capital gains and income tax.
The bonus makes an EQi LISA attractive. If you invest £4,000 every year from the age of 18, you’ll receive £32,000 in government top ups by the time you are 50.
It is important to remember that, as with every investment product, its value can fall as well as rise, which is why it is sensible to allow a time frame of five years or more to ride out any stock market volatility.
*Accurate as of February 2020