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Can I make one-off payments into my Lifetime ISA?

Can I make one-off payments into my Lifetime ISA?

Polly avatar
Written by Polly
Updated over a week ago

Yes, absolutely.

These one-off contributions, or top-ups as they are also known, can be anything from £10 all the way up until whatever is left of your £4,000 allowance for the tax year.* They typically land either the same, or the next working day, depending on the time of day you have paid in.

You can use this feature to make an instant bank payment as often, or as little, as you would like.

We use our payments partner GoCardless to facilitate this feature, so you may see their name on screen when being guided through the top-up process.

🚨 When you first open your account, you can top-up with just £1. For all future one-off contributions the minimum is £10.

Your Tembo savings accounts don't come with a typical account number and sort code, this is because Tembo is not a bank, we are a savings provider.

If you want to make a deposit into your Tembo account you must do so by linking your bank account through the Tembo app, instead of making a payment direct from your bank account.

If you're having trouble adding money to your Tembo account through the Tembo app, try sending a smaller amount initially. If this works, then try sending a larger amount. Usually banks will automatically decline large payments to new payees as they view this as 'unusual' behaviour. Sending smaller payments first can help get around this.

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