The Lifetime ISA, coming soon



Take advantage of the 25% government top-up towards your first home or retirement.
The government is introducing the Lifetime ISA on 6th April 2017. Leave us your email and we’ll let you know when you can open your Nutmeg Lifetime ISA



With investment, your capital is at risk.

Benefits of a
Lifetime ISA



  • Get a 25% government bonus
    For every £4 you invest you receive a £1 bonus, up to a maximum of £1,000/year, to put towards your first home or retirement.

  • Save tax
    Contribute up to £4,000 each tax year, from 6th April 2017, without paying tax on future returns.

Plus with Nutmeg
you will get



  • Value for money
    We invest only in high-quality, low-cost exchange traded funds.

  • No hidden fees
    You’ll always know exactly how much you are paying.

  • We’re here for you
    If you ever have a question our support team are available by phone, web chat or email.


Use the Lifetime ISA calculator to see what you can save

I am years old and I can pay £ into a stocks and shares Lifetime ISA each year.


Home
For your first home
in years
With % returns, you could have

which, adjusted for inflation, is
Your contributions
Government bonuses

Retirement
For your retirement
at age 60
With % returns, you could have

which, adjusted for inflation, is
Your contributions
Government bonuses

Figures used in our Lifetime ISA calculator include the effect of 0.75% Nutmeg fee and 0.2% average investment fund cost. Inflation rate is assumed to be 2%. While you must be under 40 to open a Lifetime ISA, you can continue to contribute to your Lifetime ISA until age 50.


About the Lifetime ISA

What is the Lifetime ISA?

The Lifetime ISA (LISA) is a new government savings initiative, launching 6th April 2017, to encourage those under 40 to save for their first home or retirement. Your contributions count towards your annual ISA allowance.

What makes it so attractive?

The government will give you a 25% bonus on every contribution you make until you’re 50. That’s a potential bonus of £1,000 per person per year.

Can I access my savings?

Yes, but only to buy your first home up to a value of £450,000, when you’re 60+, or if you're terminally ill. For any other purpose you’ll pay a penalty which is bigger than the government bonus.

A Lifetime ISA may not be right for everyone


  • You must be 18–39 years old on or after 6th April 2017 to open one.

  • If you need to withdraw the money before you’re 60, and it’s not for the purchase of a first home up to £450,000, or a terminal illness, you’ll pay a 25% government penalty. So you may get back less than you put in.

  • Compared to a pension, the Lifetime ISA is treated differently for tax purposes. You may be better off contributing to a pension.

  • If you choose to opt out of your workplace pension to pay into a Lifetime ISA, you will lose the benefits of the employer-matched contributions.

As with all investing, your capital is at risk. Tax rules may change in the future. If you are unsure if a Lifetime ISA is the right choice for you, please seek independent financial advice.

How much does it cost?

Investment value Fully managed portfolio Fixed allocation portfolio
On your first £100,000 0.75% 0.45%
Anything beyond £100,000 0.35% 0.25%
+ investment fund costs 0.19% avg 0.19% avg

When investing, regardless of your provider, there are always some underlying fund costs. We try to keep them as low as we can so you get better net returns.

£0

Setup or exit fees

We won't charge you for setting up an account.

£0

Transaction fees

We won't charge you for paying in or withdrawing.

£0

Trading fees

We handle all the trading for you at no extra charge.


The smart way to invest

We take the best elements of a high-end investing service, strip out the complexity and cost, and provide it to you online.


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Leave us your email and we’ll let you know when you can open your Nutmeg Lifetime ISA