The HL Lifetime ISA

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The Lifetime ISA offers a flexible way for adults under 40 to save for their first home or retirement, with an added government bonus of up to £1,000 each year. • 00:00 Intro • 00:09 Eligibility criteria • 00:16 Government bonus • 00:20 How a LISA works • 00:23 Contribution limits • 00:39 Accessing your LISA • 00:52 Save or invest • • Find out more, including how to open an account, here: www.hl.co.uk/lisa • Unlike cash, investments can fall as well as rise in value so investors could get back less than invested, especially over the short term (less than 5 years). • Withdrawals from a LISA before age 60 other than to purchase your first home will usually be subject to a 25% penalty meaning you could get back less than you put in. • The LISA must be held for 12 months before the government bonus can be used to purchase your first home. • ISA rules can change and benefits will depend on individual circumstances. • If saving for retirement you should ensure you are getting the maximum benefit from a pension offered by your employer first. • Savings in a Lifetime ISA may affect your entitlement (if any) to means tested state benefits. • This is not personal advice, if you are unsure of the suitability of any investment you should seek advice.

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