CT Lifetime Individual Savings Account
What is a Lifetime ISA?
A Lifetime ISA can be opened by people aged 18 to 39 to help towards a first home or retirement. With a Lifetime ISA, you can invest up to £4,000 each tax year and the government will give you a 25% bonus up to £1,000.
It acts as a wrapper to hold a range of different investments. The right Lifetime ISA for you depends on your goals and your attitude towards risk.
Why choose a CT Lifetime Individual Savings Account
Here are some more reasons to choose CT Lifetime Individual Savings Account.
Benefit from our expertise
Investment trust options
No online dealing charges
Responsible Investment
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
Invest in a CT Lifetime Individual Savings Account through our 10 Investment Trust
Choose a CT Lifetime Individual Savings Account to invest in our diverse range of Investment Trusts. Your money is pooled together along with other investors’ money in one big pot known as a fund. A fund manager then buys shares or assets with the money. Our 10 Investment Trusts provide a wealth of investment opportunities, including equities, bonds, property, and private equity.
Each Trust has unique goals and strategies. Choose a Trust focused on capital growth, or aim for income, or one that covers both. Some invest in regional companies, while others take a global approach, and invest in companies all over the world.
Please see the Key Information Documents (KIDs) for further details on the risks for each trust. View the latest performance of our Investment Trusts.
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.
More information
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.