To be able to apply for a Lifetime ISA (LISA), you'll need to meet certain eligibility criteria.
You’ll need to:
Be aged between 18 and 39 (you need to open and fund the account before you turn 40)
Be a UK resident
Not exceed your £20,000 ISA limit in the current tax year
If you're using your LISA to buy a home, you must be a first-time buyer and use it to purchase a property worth £450,000 or less.
If you're using a LISA to fund retirement, you must make your first payment into your account before you're 40. You can then put up to £4,000 each tax year into it until you're 50. From that point onwards, you can't add any further funds, but you'll continue to generate interest or investment gains. Once you're 60 years old, you can then withdraw your money for retirement.