Lifetime Stocks and Shares ISA - make your money work harder.
Open a Lifetime ISA today and you save up to £4,000 per year towards a deposit for a first home or your retirement. In either case, it's tax free and you can take advantage of a 25% government bonus.
With investment, your capital is at risk. Tax treatment depends on your individual circumstances and may be subject to change in the future.
Recognised
Nutmeg has been awarded Boring Money Best Buy LISA 2024
Protected
Client assets are held separately with Barclays and State Street, per regulatory requirements
Trusted
Chosen and trusted by our clients for over 10 years
What is a Lifetime ISA (LISA)?
The Lifetime ISA (LISA) is an initiative launched by the government to encourage people aged between 18 and 39 to put money aside for their first home or retirement. You can contribute up to £4,000 per tax year and the government will give you a 25% bonus – that's up to £1,000 every year.
You can use your stocks and shares Lifetime ISA to buy your first home worth up to £450,000 or invest into it until you turn 50, and access it at 60. In either instance, you can withdraw your money tax free, including the 25% bonus. Withdrawing outside of these scenarios means you will incur a penalty, and you may end up getting less than you originally contributed.
Tax treatment depends on your individual circumstances and may be subject to change in the future.
Benefits of Opening a Lifetime ISA at a glance
- Take advantage of a 25% Government bonus on the money you save into your LISA each year (maximum of £1,000 p.a.)
- Save up to £4,000 tax-free per annum
- The most tax efficient way to save for your first home and build your investments
- Withdraw your money tax-free and/or when you're over 60
Why choose a Nutmeg stocks and shares LISA?
It's easy to open a Nutmeg stocks and shares Lifetime ISA, and let us do the investing for you. Flexible, transparent and designed by experts, we help to make wealth management and investing easier.
1
Expertly designed
Our in-house investment team has built a range of portfolios for our Lifetime ISA suited to your chosen risk level and investment style. Our client services team can support you with any questions you might have.
2
Straightforward
It’s easy to open a Lifetime ISA with us. Simply log into the web and start with just £100. We give you the flexibility to make changes to your risk level and investment style as your situation changes.
3
Transparent
You have access to your account at all times, so you can always see where your Lifetime ISA is invested and how it’s performing. And at Nutmeg, we have no hidden costs or exit fees.
Choose your investment style
All five Nutmeg investment styles are built by experts and use exchange traded funds (more on ETFs here) to diversify across stocks, bonds, industries, even countries.
Choose the one that works for you.
Our Lifetime ISA fees
Past performance and allocation
Below you can see a detailed breakdown of our performance over the past few years, as well as how our investments are allocated across countries and assets.
- Track record
- Asset allocation
- Countries allocation
Track record
Explore our full 10-year track record for each of our 10 risk-based, Fully managed portfolios and see how our results compare against our competitors.
The past performance shown represents a composite of asset-weighted average returns for Nutmeg client portfolios, net of all fees. A composite return represents the average return of all client accounts for a given risk level on a given day, weighted by assets. Past performance is not a reliable indicator of future performance.
*The annualised figure is the return since inception expressed as a compound annual rate. For example, a portfolio with an annualised return of 6% corresponds to an actual return of 19.1% over three years (rather than 18% as you might expect) due to the effect of compounding.
Capital at risk. Lifetime ISA rules apply
Tax treatment depends on your individual circumstances and may be subject to change in the future.
Most people ask us
Who can open a Lifetime ISA?
Who can open a Lifetime ISA?
If you’re a UK tax resident aged between 18 and 39 you may be able to open a Lifetime ISA. There are different eligibility requirements for certain types of ISA. Learn more about our Lifetime ISA.
Should I have a Lifetime ISA?
Should I have a Lifetime ISA?
Having a stocks and shares Lifetime ISA means you’re investing your money, not just saving it in cash. Whether or not you should have one will depend on what your goals are, how long you’re able to invest your money, and your attitude to risk.
If you’re willing to accept investment risk to get on the property ladder or contribute more to your retirement, the 25% government bonus on contributions up to £4,000 makes for an attractive proposition. Find out if a Lifetime ISA is right for you.
If you save in a Lifetime ISA instead of enrolling in, or contributing to, a qualifying scheme, occupation pension scheme or personal pension scheme you may lose the benefit of contributions by an employer (if any) to that scheme; and your current and future entitlement to means tested benefits (if any) may be affected.
What is a Lifetime ISA?
What is a Lifetime ISA?
The Lifetime ISA is an initiative launched by the government to encourage people aged between 18 and 39 to put money aside for their first home or retirement. For every £4,000 they contribute per year, the government will contribute £1,000 (otherwise expressed as a 25% annual bonus)
You can use your Lifetime ISA allowance to buy a first home worth up to £450,000 or keep it until you turn 60. In either scenario, you can withdraw your money, including the 25% bonus, tax free.
The Lifetime ISA is available as a cash ISA or a stocks and shares ISA (although Nutmeg only offers a stocks and shares Lifetime ISA). You can also hold a Lifetime ISA alongside other cash, stocks and shares, or Innovative Finance ISAs.
The maximum you can contribute to a Lifetime ISA in a tax year is £4,000, which counts towards your total annual ISA allowance of £20,000.
Can I withdraw from my Lifetime ISA?
Can I withdraw from my Lifetime ISA?
You can withdraw money from your Lifetime ISA either to fund the purchase of your first home (up to the value of £450,000) or when you’re aged 60 years or older. Under any other conditions withdrawing from a Lifetime ISA carries strict withdrawal rules and penalties.
Barring a terminal illness, you’ll have to pay a 25% government withdrawal charge meaning you’ll get back less than you’ve put in.
Can I use two Lifetime ISAs to buy a house?
Can I use two Lifetime ISAs to buy a house?
If you’re looking to buy with a partner, sibling or friend, you can both use money in your Lifetime ISAs to purchase your first house together, as long as the total value of the property is not over £450,000. Learn more about using a Lifetime ISA to buy a house.
Can I transfer an existing Lifetime ISA to Nutmeg?
Can I transfer an existing Lifetime ISA to Nutmeg?
Yes, if you already have a cash Lifetime ISA or stocks and shares Lifetime ISA with another provider, you can easily transfer it to Nutmeg. Just go to the ‘Transfers’ section in the lefthand sidebar of your web dashboard. Then, you’ll have to fill out the Nutmeg Lifetime ISA transfer form and post it to your existing provider. Once they receive it, they’ll contact us to coordinate transferring it over to us. We’ll let you know when the transfer is complete.
How long will my Lifetime ISA transfer take?
How long will my Lifetime ISA transfer take?
The timeframe of your LISA transfer will depend on your existing provider, but most transfers usually take two to four weeks.
