Why choose a CT Lifetime Individual Savings Account?
Here are some more reasons to choose CT for a Stocks and Shares ISA. Select the links below to find out about them.
Let's talk about risk
There’s an element of risk involved with a Lifetime ISA. The value of your investments can go down as well as up and you may get back less than you originally put in. You need to be aged between 18-39 and be a UK resident, and you should consider this as a longer-term investment. Tax allowances and the benefits of tax-efficient accounts are subject to change and tax treatment depends upon your individual circumstances.
Any withdrawals made from your Lifetime ISA that are not for an eligible house purchase or retirement when you are 60 years old will incur a Government withdrawal charge of 25% which means you could get back less than what you put in
What will it cost me?
- Annual charge – £60 + VAT or £25 + VAT for those who are transferring from a matured Child Trust Fund
- Dealing charge – £0 on sales and purchases made online, or £12 per fund for those completed by post
- Government stamp duty of 0.5% applies on purchases of UK shares only