You’ve opened your Lifetime ISA with AJ Bell Dodl which is, undoubtedly, a fantastic step to take towards long-term financial security! Let's see how your LISA can help you reach your goals sooner. Let’s explore why adding cash now can mean more money for your future.
Let the government boost your investments
One of the biggest advantages of a Lifetime ISA is the generous 25% government bonus. This means that for every £4 you subscribe, the government adds £1, up to £1,000 each year. By adding cash to your Lifetime ISA now, you ensure you’re taking full advantage of this bonus for as long as possible, giving your investments both immediate and long-term boosts.
You get the best of both worlds
Start earning interest on your cash while you decide how you want to invest it.
The best kind of growth is tax-free
With a Lifetime ISA, any growth on your investments is tax-free. This includes interest, dividends, and capital gains (profits from selling investments). Simply put, you keep all your earnings. This means the earlier you add cash to your Lifetime ISA, the sooner you could start benefiting from tax-free growth, helping your money grow for longer.
Investing for your future
A lifetime ISA is designed to help those under 40 to save for buying your first home (up to £450,000) or building your retirement pot. The sooner you start subscribing, the sooner you start taking proactive steps toward these important milestones. With a lifetime ISA, you have the flexibility to withdraw your cash, penalty-free, for your first home purchase or after the age of 60, meaning your money is invested in you and your long-term future goals.
Compound growth over time
Adding cash to your lifetime ISA early allows you to take full advantage of compound growth. This means you can earn returns not only on your initial investments but also on the returns those investments generate. Over time, this compounding effect can significantly boost your investments.
Simple to use, easy to manage
Managing your lifetime ISA with Dodl could not be more straightforward. Our user-friendly platform allows you to track your investments and any growth with ease. You have all the tools you need to stay on top of your financial goals. Growing a bright future couldn’t be simpler!
Before you invest…
If you withdraw cash from your lifetime ISA before age 60 and aren't using it to buy your first home, you’ll have to pay the 25% government withdrawal charge on the amount you take out. That means you could get back less than you paid in.
Ready to add cash to your lifetime ISA?
Adding cash to your lifetime ISA with Dodl is a smart, effective move toward securing your financial future. You can maximise the government bonus, enjoy tax-free growth, add cash and invest money up to the age of 50, and benefit from compound returns. Start adding cash to your lifetime ISA today!
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Easy steps to add cash to your lifetime ISA
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🔔 Remember investing carries risk and nothing in this article should be taken as advice - Dodl doesn't give advice, but we do hope the info is helpful. Lifetime ISA rules apply and can change.