Are you thinking about how to save for your first home or for later in life? If you’re unsure where to start, we’re here to walk you through what is on offer and the benefits that can help you achieve those long-term financial goals.

Let us introduce you to the benefits of opening and funding your lifetime ISA - the perfect stepping stone for those looking to buy their first home, or save for retirement. 

We understand that long-term investments and finances can be overwhelming.

But there’s good news: Dodl simplifies the whole process to help you achieve your goals. Our user-friendly tools and straightforward guidance make taking financial control nice and easy. So, let’s get you on your way!

You’ve signed up to Dodl and now it’s time to open your lifetime ISA. This is your money and you want to make sure it’s in a good place, so let’s walk through the benefits of opening your account: 

1. Free government money: Yes, you read that correctly. With a lifetime ISA, the government adds a 25% bonus to your savings. Save up to £4,000 a year, and you could get an extra £1,000 annually. That’s a pretty impressive deal for doing nothing extra!
2. Enticing Interest: You get the best of both worlds. Your uninvested cash earns interest while you decide how and where you want to invest it.
3. Low fees: We keep our fees low to ensure more of your cash stays where it belongs - in your account. More money for you means faster progress toward your long-term financial goals.
4. Flexibility and control: Whether you’re saving for a deposit on your first dream home (up to £450,000) or planning for a cosy retirement, Dodl’s lifetime ISA offers those who are under 40 the flexibility to make their savings work for them. Plus, you can keep adding cash into your account until you are 50 years of age. 

Ready to make your money work harder for you? Opening an investment lifetime ISA with Dodl might just be the smartest financial move you make this year!

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Read next:

Setting Up Your lifetime ISA: Step-by-Step

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🔔 Important to know: A lifetime ISA is not for everyone. If you withdraw money before age 60, other than to purchase your first home, you will pay a government withdrawal charge of 25%. This may mean you get back less from your lifetime ISA than you paid in. To use the lifetime ISA for your first home the account needs to have been open for at least 12 months. Remember investing carries risk – you could lose money as well as make it and nothing in this article should be taken as advice - Dodl doesn't give advice, but we do hope the info is helpful!