25% government bonus on the money you invest

Available to 18-39岁

Designed to help you save for your first home or later life

2 simple climate-friendly investment options

What are Lifetime ISAs?

Lifetime ISAs are a product set up by the UK government to help people either buy their first home or save for retirement. The government tops up lifetime ISAs by 25%, so for every £100 you save, it will give you an extra £25 on top.

You can't save more than £4,000 in your lifetime ISA each tax year so the biggest government bonus you can get is £1,000 a year.

As with all ISAs, lifetime ISAs are tax-free. This means that no matter how much your investments grow by, you won't pay any tax on the money you make. Our Lifetime ISA invests in stocks and shares, therefore it has good potential to grow over the long-term but the value can go down as well as up.

Lifetime ISA Government Bonus

What are the lifetime ISA rules?

There are a few rules to be aware of:

  • You must be aged between 18 and 39 and be a UK resident to take out a lifetime ISA
  • You must keep the money invested for at least 12 months
  • You can't invest more than £4,000 each tax year (tax year starts in April)
  • You must use the money you invest to buy your first home or leave it invested until you turn 60
  • You will be charged 25% of everything you take out of the account if it's not for your first home or if you've not turned 60

Things to be aware of

The money you put in our Lifetime ISA is invested in stocks and shares. This means there's good potential for it to grow over the long-term, but there is a risk that the value could go down.

Lifetime ISA rules and risksThe alternative is a cash lifetime ISA which earns interest like a current account does.

There is also a penalty charge for taking your money out within 12 months or not using it for your first home or for retirement. This is known as the Government Withdrawal Charge, see below for details.

See what your lifetime ISA could be worth

Choose how much you want to pay into your lifetime ISA and see how much your money could grow 

This projection shows how your lifetime ISA could grow with low, medium and high performance. Remember, projections are not a guarantee of future performance and you could get back less than you pay in.


Lower performance

After 5 years
You've invested �2,200
Government bonus �500

Projected value

5 years

Higher performance

What do these numbers mean?

What is the lifetime ISA Government Withdrawal Charge?

It's important to have a plan for the money in your lifetime ISA as there is a penalty charge for not using it as the government intended. You'll be charged a penalty if you:

  • Take your money out within 12 months of opening the lifetime ISA
  • Use the money for something other than your first home
    (unless you've turned 60, when you can do what you like)

It’s worth being aware that if you end up paying a penalty, it will be more than the government will have topped your lifetime ISA up by. The penalty is 25% of everything you withdraw from the account - so 25% of the money you've saved plus the money the government has contributed. For example, if you put in £1,000 then the government will have added £250. If you withdraw the lot, your penalty would be 25% of £1,250, which is £312.50.

Therefore, if you’re not intending to buy your first home with the money or keep it in the account until you turn 60, you’re best considering opening an ISA instead.

What are climate-friendly funds?

Climate-friendly funds invest in companies that are doing more to help the environment and less to damage it. By choosing one of our funds, you’re adding your voice to a growing community of investors who refuse to fund activities that contribute to climate change.

We decide which companies to invest in based on:

A higher revenue percentage from “green” business activities, such as renewable energy production.

Lower greenhouse gas emissions in the event the company used all of its fossil fuel reserves.

A clear strategy and action plan to reduce greenhouse gas emissions.

Lower proportion of income from non-climate friendly activities such as drilling and mining.

Lower carbon emissions, including within their supply chain.

Why invest in a betway必威app下载 -apple app store Lifetime ISA? 

There are a few things that really set us apart from other lifetime ISA providers. Here's just some of the reasons to choose betway必威app下载 -apple app store.

  • Money you put into your betway必威app下载 -apple app store Lifetime ISA is invested in climate-friendly funds. We choose where to invest based on things like how much of the money the company makes comes from "green" activities, like low-carbon technology
  • We give you a simple choice of just two types of fund when you open your Lifetime ISA. You don't even have to stay in the same one, you can switch to the other at any time for free
  • There are no hidden fees. We charge just one fee for managing your Lifetime ISA, which is a 1.1% annual management charge.
  • Thanks to people like you, we've been able to give more than £4.75 million* in funding to courses such as food banks, homeless charities and schools since 2015. We're proud of our moral values and, as a betway必威app下载 -apple app store customer, we want you to be too.

* As at 31 December 2021

How to open a lifetime ISA with us

  • 1

    Choose a fund

    Discover how each fund works and choose the right one for you

  • 2

    Apply online

    Our simple application process shouldn't take longer then 10 minutes

  • 3

    Manage your investments

    Keep track of your Lifetime ISA's performance via your online account

  • 4

    Buy your first home

    Use your Lifetime ISA towards your first home deposit

Choose one of our two climate-friendly funds, which can be switched between any time, free of charge

Got a question about our Lifetime ISA? Try our FAQs.

Start saving - open or transfer to a Lifetime ISA online today

If you want to open a betway必威app下载 -apple app store Lifetime ISA by phone, call 0800 028 1112*

Got a betway必威app下载 -apple app store Child Trust Fund? Log into your account 


Find out more about lifetime ISAs

Get all the information you need to feel fully informed when investing in your future.

Transfer to our Lifetime ISA

You can transfer an ISA or Child Trust Fund held with another provider to our Lifetime ISA

Transfer a Lifetime ISA

Lifetime ISA FAQs

Got a question about Lifetime ISAs? Browse our frequently asked questions to get the answers you need.

View Lifetime ISA FAQs

Help to Buy ISA vs Lifetime ISA

If you already have a Help to Buy ISA, find out if transferring to a lifetime ISA might be the right option for you.

Read more

Are there any Lifetime ISA charges?

There are always some underlying charges when investing in stocks and shares. Learn about our fees.

Read more