Lifetime ISA

You can use a Lifetime ISA (Individuals Savings Account) to buy your first home or save for later life. You must be 18 or over, but under 40 to open a Lifetime ISA.

You can put up to £4,000 each year until you are 50. You must make your first payment into your ISA before you are 40.

The government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.