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The Lifetime ISA

  • 18-39

    A Lifetime ISA (LISA) can be opened by any UK residents aged 18-39

  • ?1,000

    Receive up to ?1,000 in government bonuses each year

  • 0.2%

    The EQi stocks and shares LISA Custody fee is competitive

Big plans? Think LISA

The LISA (Lifetime ISA) is designed to help the under 40s plan for the big things in life– a first home and a comfortable retirement.

Its big appeal is that when you add money, the government tops it up with a 25% bonus.

Here’s how it works. For ?100 you pay into your EQi LISA, the government adds ?25. And if you pay in the maximum LISA contribution of ?4,000 each year, you’ll benefit from an additional ?1,000.

The LISA bonus gives your investment pot a boost, and as with other ISAs, all your gains will be tax-free.?

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Investment Risk Warnings

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

EQi does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any Lifetime ISA tax advantages or benefits will vary according to the individual's circumstances. The government bonus may also change. Once in the LISA your money is only accessible, in general, when you buy your first home or at age 60. If you withdraw early from your Lifetime ISA the withdrawal penalty will be 25% of the amount withdrawn.

Any other plus points?

Even when you’ve bought your first property, the bonus will still be paid on what you invest, right up until you are 50.

What are the downsides??

Because the bonus is essentially free money, the government is strict about what you can use it for. It can only be taken out to buy your first home or at age 60; otherwise, there is a penalty on the withdrawal.

Also, under current rules, your first home cannot cost more than ?450,000.

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Why EQi for your LISA?

Our platform gives you control over your investments and everything you need to make choices about how to grow the value of your investments.

And we are committed to keeping costs low, for example, our custody fee of just 0.2% per annum is one of the lowest in the market.?

Can I mix and match?

Yes, you can ‘mix and match’ and make the most of your ?20,000 annual ISA allowance. For example:

  • You put ?5,000 in an instant access Cash ISA
  • You put ?4,000 into a LISA and the government tops it up by ?1,000
  • You invest the rest, ?11,000 into a Flexible ISA?

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?OPEN YOUR ISA

  • The bonus

    The bonus makes an EQi LISA attractive. If you invest ?4,000 every year from the age of 18, you’ll receive ?32,000 in government top ups by the time you are 50.

    It is important to remember that, as with every investment product, its value can fall as well as rise, which is why it is sensible to allow a time frame of five years or more to ride out any stock market volatility.

    Furthermore, unless taken out for a permitted purpose there is a penalty when taking money out of the account. Find out more?here.

  • Who suits an EQi LISA?

    • If you are happy to be an active investor
    • If you are aged 18 to 39 years old
    • If you can invest for five years or more
    • If you are saving for a house or for your retirement

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Three simple ways to start investing in your future

How do I start investing?

You can invest in individual companies, or you can look at a basket of ready-made investments, in a Fund, for example.

Investing in funds lets you buy into a whole basket of assets in one transaction and are an ideal way to get started as an investor.

You decide how much they want to invest, from as little as ?10 per month, and the responsibility for what is in the Fund lies with the professional Fund manager.

With EQi you can even select a Fund based on your attitude to risk – whether you are Cautious, Balanced or Adventurous.

Plus, you can see how it the Fund performed over the last three, five or 10 years, when compared to similar Funds.

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funds to get you started

  • EQi Explains

    LISAs explained

    Everything you need to know about Lifetime ISAs

  • INSIGHTS

    Types of ISA

    Get to known the main types of ISA

  • WHY EQI?

    LISA pricing

    Benefit from market-leading pricing

  • Explained

    Lifetime ISA withdrawals

    Rules on withdrawal