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Lifetime Stocks and Shares ISA - make your money work harder.

Open a Lifetime ISA today and invest up to £4,000 per year towards a deposit for a first home or your retirement. It's tax efficient and you can take advantage of a 25% government bonus – up to £1000!

With investment, your capital is at risk. Tax treatment depends on your individual circumstances and may be subject to change in the future. If you were to access your LISA before you’re 60 for reasons other than buying your first home, you’d pay the government a 25% withdrawal charge. Your Lifetime ISA works differently to a pension, for tax purposes – it's not a substitute for contributing to a pension. If you're unclear whether a Lifetime ISA is right for you, please seek financial advice.

Learn what we mean by risk.


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What is a Lifetime ISA (LISA)?

The Lifetime ISA offers an incentive from the UK Government to encourage people aged between 18 and 39 to start putting 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 £450,000 or less. Alternatively, continue to invest into it until you turn 50, and access the pot from the age of 60. In either case, you'll be able to access your investments free of tax, including the 25% bonus. Withdrawing for any other reason will usually incur a 25% government charge, so you may end up getting less than you contributed.

Benefits of opening a Lifetime ISA

  • Take advantage of a 25% government incentive to invest into your LISA each year 
  • Invest up to £4,000 per year, for the maximum £1000 bonus
  • Invest towards your first home with no tax to pay on any growth or returns
  • Or withdraw once you're over 60

A LISA is not a substitute for pension savings. For retirement income, pensions offer advantages over LISAs, including employer contributions. Funds in a LISA will be included in means-testing – pension savings are excluded.

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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. Tuned to your investing goals and preferences, transparent and designed by experts, we help to make wealth management and investing easier.


Expertly designed

Our in-house investment team has built a range of portfolios for our Lifetime ISA suited to your risk level and investment style. 



It’s easy to open a Lifetime ISA with us, and you can start investing with just £100. Set your goals and risk level, and our investment team will do the rest. 



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. Our transparent fees make it easier to look after your investments.

Transfer your LISA

If you already have a Lifetime ISA with another provider, you can easily transfer it to Nutmeg. It doesn’t matter if it's currently a cash or a stocks and shares LISA, you can transfer either type into our stocks and shares LISA.

Why consolidate? 

  • Keep your investments in one place, with complete transparency in our award-winning app
  • Get a clearer picture of your financial goals, with projections to help you stay on track 
  • You could potentially reduce the fees you are paying

New to Nutmeg? Before you transfer, check you won’t lose any benefits and that you know what charges you may incur. Then it's easy to get started with our app. Just fill out the transfer form there and we'll do the rest.

Open a Lifetime ISA
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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. 

Fully managed

Proactively managed portfolio.

Find out more

Thematic investing

Invest in the long-term trends shaping our future.

Find out more

Smart Alpha

Powered by J.P. Morgan Asset Management.

Find out more

Socially responsible investing

Built to incorporate ESG considerations.

Find out more

Fixed allocation

Assets without intervention at a low cost.

Find out more

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.

Scroll down the page to see the results. It will update automatically when you change the risk level.Scroll down the page to see the results. It will update automatically when you change the risk level.Scroll down the page to see the results. It will update automatically when you change the risk level.Scroll down the page to see the results. It will update automatically when you change the risk level.
Risk level

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

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.

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.

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.

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.

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.

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.

The timeframe of your LISA transfer will depend on your existing provider, but most transfers usually take two to four weeks.

Still not answered your question? Take a look at our Lifetime ISA FAQs
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