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
A cost effective way to invest
Invest from as little as £25, with no dealing charges on investments made by a monthly direct debit. One-off contributions, sales and switches can be made online without any dealing charges. If you need to send instructions via post, there will be a £12 charge for each fund selected.
There’s an annual charge of £60 + VAT for the CT Lifetime ISA and Government stamp duty of 0.5% applies on purchases of UK shares.
Make sure you read the pre-sales costs disclosure before you invest.
How can I open a CT Lifetime Individual Savings Account?
Investing in a CT Lifetime Individual Savings Account is straightforward.
Choose the Investment Trust(s) that best suits your investment needs and finally, decide how much to invest. Please make sure you read the Key Features and Terms & Conditions, the relevant Key Information Document and Pre-Sales Disclosure documents.
Our Investor Portal is the quickest and most cost-effective way to invest. You can set-up a monthly direct debit or invest a lump sum using your debit card. Alternatively, you can download an application form and send it into us.
The Key Features gives full details about how the CT Lifetime ISA works and you should read this before investing. However, here are the answers to some questions you may have if you are considering opening a CT Lifetime ISA.