Where can I open Lifetime ISAs?

alandaniel132

I did read about Lifetime ISAs.
https://www.moneysavingexpert.com/savings/lifetime-isas/#tip2

What is the eligible criteria? is all age between 18 to 40 can apply?

colsten

Does the rest of the article you linked not answer your questions?

alandaniel132

of course no, that is why i ask here

Eco_Miser

From that article "You need to be living in the UK when you open the account and pay in to it (unless you're a crown employee on an overseas posting, or the spouse/civil partner of one). It doesn't matter if you're a UK citizen or not."
That and the age range are the only restrictions.

There are other conditions on getting the bonus that you may wish to consider, but they don't stop you opening the account.

colsten

alandaniel132 wrote: »

of course no, that is why i ask here

when I look at the MSE article you linked, it very clearly covers who can apply, and it also lists a number of providers.

alandaniel132

what are the eligible criteria to get this bonus from government for this lifeitme ISA

SonOf

alandaniel132 wrote: »

what are the eligible criteria to get this bonus from government for this lifeitme ISA

Also mentioned in the article you claimed to have read.

born_again

alandaniel132 wrote: »

what are the eligible criteria to get this bonus from government for this lifeitme ISA

Have you read the info from the link you gave?

I would suggest that if you are unsure speak to one of the providers of these ISA's. They are best placed to advise you.:D

1. You get a 25% bonus each tax year on up to £4,000

You can save up to £4,000 a year in a LISA as a lump sum or by putting in cash when you can. The state will then add a 25% bonus on top. So if you save £1,000, you'll have £1,250 and if you save the full £4,000, you'll have £5,000. And that's before interest or growth.

The bonus is paid every year until you hit age 50.
The bonus is paid monthly (if you've contributed that month) and takes between four and nine weeks to arrive.
Once in your account the bonus counts as money, so you'll get interest on it too (or investment growth/loss).
You only get the bonus on contributions, not interest or stocks and shares growth/loss.
The maximum bonus is £33,000 if you open it at 18, and max it out until you hit 50 (unless you're born on 6 April, when the max is £32,000).

alandaniel132

is this available for all citizens or only for special beneficial citizens (for those who taking benefits) ?

eskbanker

Like most other financial products, they're available to functioning adults with some linguistic competence and at least rudimentary cognitive skills.

Sorry....

alandaniel132

Contacted Barclays, TSB, Nationwide, RBS, all does not provide Lifetime ISA