A Lifetime ISA is a type of government-backed savings account that comes with 25% government bonuses (up to £1,000 per tax year). It can be used towards buying your first home that's under £450,000 in the UK, or for retirement from age 60.
​
With a Lifetime ISA, you can pay in up to £4,000 per tax year. You'd get 25% government bonuses after each time you pay in - these take 4-6 weeks to land in your account and are 25% of what you have put in, up to £1,000 per tax year.
​
Want a bit more meat on the bones? We've written a full guide here: https://www.tembomoney.com/learn/what-is-a-lifetime-isa and you can check out the video below to get a feel for some of our most asked questions.

​