Spring Special Offer

• Receive a £25 Amazon.co.uk Gift Card when you apply for a Lifetime ISA by 30th June 2025. Quote code SPRING25. Terms and conditions apply.  

The Lifetime ISA (LISA)

The LISA is designed to help you save for your first home and retirement.

You can save up to £4,000 a year tax-free to which the Government will add an impressive 25% (that’s up to £1,000 p.a.). We also add annual bonuses and a final bonus.

After 12 months, you can withdraw funds without a charge to buy your first home. Withdrawals from a Lifetime ISA within the first 12 months of your first payment incur a 25% government charge, so you’ll get back less than you put in.

For other withdrawals before age 60, the charge still applies unless you’re diagnosed with a terminal illness. From age 60, you can access your pot, tax and penalty free.

Key benefits

• save up to £4,000 a year tax-free
• the Government will add 25% on top – that’s up to £1,000 each year!
• available to those aged 18-39
• continue to pay in up to age 50 (even after buying your first home) and get the 25% government bonus
• spouses are eligible too – get up to £2,000 a year EXTRA between you
• transfer money in from other ISAs

Reach your savings goal faster

By selecting the Escalator option, your monthly payments can start from just £50 and will then automatically increase (by minimum £10) in April each year until you tell us to stop.

Note: The most you can contribute is £333 per month, the equivalent to the maximum monthly ISA limit of £4,000 over 12 months.

Competitive returns

> Take a look at a graph to see how your ISA can achieve growth through saving monthly.

Metfriendly reserves the right to also apply a Market Value Reduction (MVR) so that the value when you cash in more fairly reflects our performance over the period of investment.

What is a ‘qualifying property purchase’? 

To avoid the 25% government charge on your LISA withdrawals they must be used for a ‘qualifying property purchase’.

• 12-month rule: You need to have your LISA open for at least 12 months before you can use it to buy your first home. 
• Property price limit: The property you buy must be worth up to £450,000. 
• First-time buyer: You must not have previously owned a property in the UK or anywhere else. 
• Mortgage required: You must be using a mortgage to buy the property. 
• No buy-to-let: You can’t use a LISA to buy a property to rent out.