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How to open an account
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How to fund your account
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How to choose investments
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How to open an EQi Lifetime ISA (LISA)
Once you've decided an EQi Lifetime ISA is right for you, it takes less than ten minutes to set one up as a new customer.
To begin, make sure you have to hand:
- Your UK address
- Your UK bank account
- Your National Insurance Number
Before opening an account, please read our Terms and Conditions.
You can start a Lifetime ISA with a lump sum or monthly investment from as little as £10 per month. The maximum you can invest into your LISA each year is £4,000.
If you are an existing customer, all you need to do is log in to your account and click 'Open a Lifetime ISA' on your dashboard.
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How to fund your account
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A lump sum
You can make a lump sum payment by Debit Card or via your linked bank account. If you already have a Dealing Account, you can transfer cash from this account to your LISA.
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Regular deposits
You can set up regular monthly deposits into your LISA. Then, you can set up a regular investment for only £1.50 per investment. We’ll keep an eye on the amount you contribute to ensure you don’t exceed your annual LISA allowance.
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Mix and match
You can open your LISA with a lump sum and then top it up throughout the tax year with regular payments.
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How to invest in a LISA
Think about your goal and the number of years to plan for
Are you planning to buy your first home within the next few years?
Over a shorter timeframe, say less than five years, many investors will look at low risk stocks with the expectation that they will be less volatile.
Looking to preserve your capital?
Again, there are no guarantees when you invest in the stock market but with the 25% government bonus, you can insulate the value of your investments.
Using a LISA as part of your retirement planning?
If you are investing for the long-term, it is possible to consider a different strategy, taking on higher risk stocks in the hope that the gains they make will outpace the average.
There are no hard and fast rules to investing and when it comes to securing financial independence, your retirement needs careful attention.
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Find a Fund
Funds can be a good way to build a diversified portfolio.
See our top fund selections from Square Mile, matched to your investing goals and attitude to risk.
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Lifetime ISA or Pension: which is right for you?
Here, independent personal finance journalist Rosie Murray-West sets out the pros and cons of LISAs vs pensions.