Your annual charge depends on whether you hold funds or shares in your Lifetime ISA. There are no charges for opening an account, holding cash or inactivity.
The investments you choose may have their own charges, for example charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment's key investor information document. A bid/offer spread may also apply - see our Guide to Fund Prices for details.
If you invest £3,000 in funds and £1,000 in shares, your charges would be £1.50 per month*.
What if there's not enough cash in my account to pay charges?
If you don't have enough cash in your Lifetime ISA to pay charges, we'll debit your charges from your HL Fund and Share Account, if you have one.
If there's not enough cash to pay charges in your Lifetime ISA or Fund and Share Account, we'll sell some of your Lifetime ISA investments to cover charges, starting with the units from your largest fund holding. We'll charge £1.50 per deal in that case.
What if I've reached the full Lifetime ISA allowance and can't top up?
If there's not enough cash in your Lifetime ISA to pay charges and you can't top up, you can add money to an HL Fund and Share Account instead. We'll take your charges there instead of selling your Lifetime ISA investments.
How much interest do I earn on cash in my Lifetime ISA?
It's important to keep some cash available in your ISA for paying charges. You can also hold cash while deciding where to invest.