3 articles tagged with Lifetime Isa Withdrawal Penalty.
How the Lifetime ISA's £4,000 annual limit and 25% government bonus work together in 2026/27, with a worked example and the withdrawal penalty rules.
Withdraw from a Lifetime ISA for anything other than a first home or after age 60, and you lose 25% of the withdrawal — not just the bonus. Here is exactly how the penalty works and when it applies.
A Lifetime ISA adds a 25% government bonus on up to £4,000 saved a year — up to £1,000 free money annually — but the property price cap and withdrawal penalty catch some first-time buyers out. Here's how it actually works.
