- May 31, 2022
What is it and who is eligible for a Lifetime ISA?A Lifetime ISA is similar to other types of ISA accounts but with a twist. Being an ISA account it means that its a tax efficient. There are two uses for the Lifetime ISA, it can be used to save a deposit towards your first home or can be used for retirement saving account.
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If you are aged between 18 to 40 years old you are eligible to open a Lifetime ISA. Deposit £4000 to revive a bonus of £1000.
Do you have a Lifetime ISA? What do you use it for, first home or retirement?