Considering a Lifetime ISA? If you’re putting aside money for your first home or looking ahead to retirement, see how much you could save with the help of a 25% Government bonus.
How much you could save depends on your age, the interest rate, how much you can afford and whether you’re saving for a house or retirement. Fill out the calculator below to get your estimate.
LISA is short for Lifetime ISA. It’s a tax-free savings account and a Government scheme designed to help 18 to 39-year-olds save for two of life’s big milestones: your first home and retirement. For every £4 you save – up to an annual total of £4,000 – you’ll get £1 from the Government. That means you could earn up to £1,000 a year, not including the interest on top, which you won’t have to pay tax on either.
Find out more about the Beehive Money LISA here.
Browse savings guides and articles, listen to our podcast and read testimonials along with the latest Beehive news, best served with a good cup of tea (and a biscuit too).
Looking to save money, but in the dark about the best account to choose? A tax-free ISA could help you save and make your money go further. We’ll explain how.
Do you want to save smarter, or spend better? However you’re looking to manage your money, our five easy money habits can help make your finances a breeze.
Struggling to choose a savings account? In this guide we’ve explained all the different types, from Cash ISA to LISA, to help you decide which suits you.
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