Lifetime ISA
A type of ISA you can open if you’re aged 18–39, and want to save for your first home and/or retirement.
Lifetime ISAs (LISAs) are free of income and capital gains tax, and you’ll get a 25% bonus on the money you pay in. However, you’ll face a government withdrawal charge on money you take out before age 60, unless you’re a first-time buyer and the property you want to buy meets certain criteria.
Learn more about Lifetime ISAsPopular terms
Lump sum and death benefit allowance
This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...
Lump sum allowance
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...