The Lifetime ISA offers a flexible way for adults under 40 to save for their first home or retirement, with an added government bonus of up to £1,000 each year.

00:00 Intro
00:09 Eligibility criteria
00:16 Government bonus
00:20 How a LISA works
00:23 Contribution limits
00:39 Accessing your LISA
00:52 Save or invest


Find out more, including how to open an account, here: www.hl.co.uk/lisa

Unlike cash, investments can fall as well as rise in value so investors could get back less than invested, especially over the short term (less than 5 years).
Withdrawals from a LISA before age 60 other than to purchase your first home will usually be subject to a 25% penalty meaning you could get back less than you put in.
The LISA must be held for 12 months before the government bonus can be used to purchase your first home.
ISA rules can change and benefits will depend on individual circumstances.
If saving for retirement you should ensure you are getting the maximum benefit from a pension offered by your employer first.
Savings in a Lifetime ISA may affect your entitlement (if any) to means tested state benefits.
This is not personal advice, if you are unsure of the suitability of any investment you should seek advice.