Invest for your first home or retirement with a Dodl lifetime ISA

Want a leg up onto the property ladder or to supplement your retirement savings? Add up to £4,000 a year, get a 25% bonus from the government, and invest with ease - all in the Dodl lifetime ISA.


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What’s a lifetime ISA?

It can be your first-home-buying or retirement-boosting investment account! Let’s break it down.


First off, it’s an ISA.

An individual savings account (ISA) that lets you invest what you save, giving you the opportunity to grow it.

ISAs have tax benefits. The cash you invest within it can grow and earn income, tax free! Tax and ISA rules could change in future, but right now ISAs are an investor’s friend.

Now, about that 'lifetime' part...

A lifetime ISA is the type of ISA which can be used by those saving for their first home (up to £450,000) or retirement (from age 60).

It comes with a generous 25% government bonus. So for every £4 you pay in, the govt adds an extra £1, with the maximum bonus each year being £1,000.

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Sounds good, right? But you should know the lifetime ISA limits:

  • You can only open a lifetime ISA if you’re age 18-39. And you can only pay into it up to age 50.
  • You can pay in up to a maximum of £4,000 to a lifetime ISA each year (known as the lifetime ISA allowance). Anything you pay in also counts towards your overall ISA allowance of £20,000.
  • If you choose to save into a lifetime ISA instead of your workplace pension, you’ll miss out on the benefit of your employer’s pension contributions – so make sure that’s the right choice for you before you opt out!
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Last but not least!

If you withdraw cash from your lifetime ISA for any reason other than your first home purchase or retirement, you’ll have to pay the 25% government withdrawal charge. That means you could get back less than you paid in.

For all the nitty gritty on the Dodl lifetime ISA, check out its key features.

Read the key features

Why invest with a Dodl lifetime ISA?

A few good reasons…

    1. Give your savings the chance to beat inflation and and grow tax-free for your homebuying or retirement goals. 


    Investments vs savings growth over ten years
    1. You can pick anything from Dodl’s straightforward range of funds, themes and shares, designed to make investing easier. Interested? More on investments


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    1. Investing needn’t be scary. With Dodl, there’s no jargon or fuss to get in the way of your simple investing journey.

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    Graph provided for illustration purposes only. Data source: AJ Bell. Returns are based on £1,000 invested or saved at the start of 2012 and held there for ten years. Investment returns include the Dodl account charge at minimum £1 per month and are based on the AJ Bell balanced fund past performance where available (2018-2022) and its underlying asset allocation in all previous years to simulate its performance. Simulated performance (pre-2018) has been calculated using the current asset allocation which may have been different in the past and does not include fund charges. Savings returns are based on an assumed average figure of 1% interest year on year. 

    While investing with Dodl is…a doddle, it carries risk. The value of your investments can go down as well as up and you could end up with less than you put in.

    The charges

    Investing needn’t be scary or expensive. That’s why you’ll only pay one simple charge for your Dodl lifetime ISA.

    How much?

    0.15% of the value of your investments per year (min £1 per month)

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    How will I pay it?

    It’s collected from the available cash in your lifetime ISA once a month, so it’s spread over the whole year.

    Anything else?

    It’s free to buy and sell investments with Dodl but investments do have their own charges (not payable to Dodl).

    Get to know the charges

    Getting started

    It’s as easy as 1-2-3 to get started with a Dodl lifetime ISA.


    Open your account

    Sign up and open your shiny new lifetime ISA in minutes

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    Add cash to it


    Start investing

    Build up your tax-free investment portfolio from the range of funds, themes and shares.

    Like what you're hearing? Get started

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    Help’s on hand

    Head to the help centre to have all your questions answered. And you can chat to Team Dodl anytime in the app or at

    Get a little help

    You can always learn more before (and after) taking your first investing steps with Dodl. Pop the kettle on, get comfortable and head to the Dodl learn tab, where you can master the basics of investing.

    Get started today

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    Important to know

    Always remember, the value of investments can go down as well as up and you may get back less than you originally invested. Dodl doesn’t offer any advice so if you’re not sure about the risks involved with investing, you should speak to a financial adviser about this. Rules around ISAs, pensions and tax apply. How you're taxed will depend on your circumstances, and tax rules can change.