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Lifetime ISA

Take advantage of a 25% Government bonus added to any money you save in a Stocks and Shares Lifetime ISA towards purchasing your first home and/or later on in life. Investing carries risk.

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What is a Lifetime ISA?

Giving you a boost onto the property ladder

A Lifetime ISA is for those ages 18-39 and a UK resident, to save towards their first home and/or for after age 60, with a 25% government bonus to add to your savings.

Investing made right for you

You have the option to invest in a choice of funds, or our Shariah compliant fund. The investment will be looked after by the experts at Schroders, saving you the hassle. Investing is best for the medium to long term, and if you stick with us, you will only have an annual management charge of 1.5% lowering to 1% after 10 years. With no contribution or transfer fees.

Save up to £4,000 each year

Start saving from as little as £20, with monthly or single contributions giving you the flexibility to save as and when you can. With a government bonus up to an extra £1,000 each year. This £4,000 counts towards your overall ISA allowance. 

Become a Foresters member

If you have a Lifetime ISA with us you become a member, and will have access to a range of exclusive benefits - at no cost. Such as a well-being app, volunteer grants, and will writing – just to name a few! Take a look at the member benefits >

Member benefits are not regulated by the Prudential Regulation Authority or the Financial Conduct Authority and may change in the future.


With us you can save in a Lifetime ISA and Stocks and Shares ISA in the same Plan. The Stocks and Shares allows you to save even more towards your future goals and you can access the money when you need. 

You can make transfers from your Stocks and Shares ISA to your Lifetime ISA so you can make the most of the government bonus. You can also split the minimum contribution amount of £10 to a minimum in each ISA. 

Is a Lifetime ISA right for me?

 Want to save towards your first home and/or for age 60 

 Want an added 25% government bonus

 Looking for low minimum contributions

 One, simple annual management charge

 UK resident, aged 18-39

With an ISA tax treatment depends on individual circumstances and may be subject to change. As with all stock market investments the value of your ISA can fall as well as rise.

A Lifetime ISA must be held for at least 12 months before using it towards the purchase of a first home in the UK up to £450,000. By saving into a Lifetime ISA instead of a workplace pension, you could lose the benefit of employer contributions and the value could affect any entitlement to means tested benefits.

The government bonus will apply to any contributions (up to £4,000) until your 50th birthday, which you can access at age 60. If you make a withdrawal from the Lifetime ISA before age 60, other than to purchase your first home, you will pay a government penalty of 25% on the withdrawal amount, and you may get back less than you paid in. 

Lifetime ISAs

Want to save for your first home, see why a Lifetime ISA could be the best option for you?

What is a Lifetime ISA?

Transfer to our ISA

Do you already have an ISA and want to transfer to Foresters? Make a transfer online today.

Transfer to our ISA

Buying your first home

Find out how to access your Lifetime ISA savings towards purchasing your first home. 

Buying a home with a Lifetime ISA

Choose your Lifetime ISA

During your application you will have the choice to open a Lifetime ISA and/or a Stocks and Shares ISA. You can decide how your ISA invests, choose between our Stakeholder ISA with a choice of funds, or our Shariah compliant ISA.

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Stakeholder Lifetime ISA 

Whatever your savings goal, invest easily in our choice of funds

  • The choice of 2 funds - Invest all the money in one fund or split between the two. You can make a fund switch at any time. 
  • Both funds consider ESG factors, with the sustainable fund having a specific focus on sustainability.
  • The funds are actively managed by the professionals at Schroders.

Learn more about the Stakeholder Lifetime ISA

Open a Lifetime ISA

ISA Important information 

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Shariah Lifetime ISA 

Invest in your future in a Shariah compliant LISA. 

  • Our Shariah compliant fund invests in a range of shares from around the world. 
  • An appointed Shariah Supervisory board and Shariah Adviser to make sure the investment aligns with your beliefs
  • The fund is actively managed by the professionals at Schroders.

Learn more about the Shariah Lifetime ISA

Shariah ISA Important information  

Transfer an existing ISA to Foresters

Already have an ISA with another provider and want to transfer to Foresters? You can transfer to our Stakeholder ISA or our Shariah ISA. We accept Stocks and Shares ISA and Cash ISAs only. Please note we do not accept Lifetime ISA or Help to Buy ISA transfers . 

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Manage your savings with MyPlans

View the Lifetime ISA value, make contributions, view fund performance, documents, and so much more. 

Existing customer? Login to MyPlans >

Our Lifetime ISA FAQs 

If you are a UK resident aged 18 – 39, you can open a Lifetime ISA. You should be looking to save to buy your first home or save for later on in life, or both.
We have no hidden charges. Our Lifetime ISAs have a 1.5% annual management charge reducing to 1% after 10 years, with no other charges.
You are able to view the value of your Lifetime ISA 24/7 by opening your MyPlans account.

No, we do not currently accept Lifetime ISA transfers, however you can open a new Lifetime ISA each tax year, making sure you only contribute towards one Plan each tax year.

We also do not accept Help to Buy ISA transfers.


There is no interest rate as our Lifetime ISA invests in stocks and shares and is not a Cash ISA. Stocks and Shares ISAs have the aim of providing better growth than cash in the long-term.

Investing in stocks and shares provides better potential for growth than cash in the long-term. In every 10-year time period, over the last 113 years, the probability of stocks and shares outperforming cash was 91% (Barclays Equity Gilt Study 2022).

If you are eligible for our other ISA element (Stocks and Shares or Lifetime), you will be able to open this online or with your Financial Adviser.

Discuss your options with a Financial Adviser.

We recommend you aim to invest for at least five years for better potential for growth. If using your money towards a first home, you will need to invest for at least 12 months before.

Our Lifetime ISA could be the best for you if you are 18 or over and looking to start saving for your first home and/or after age 60. With a government bonus of 25% on your savings! As our Lifetime ISA is a stocks and shares Lifetime ISA you will be investing your money and will need to be happy to take some risk. 

Speak to one of our Financial Advisers for their guidance.

Our Lifetime ISA is protected by the Financial Services Compensation Scheme (FSCS) which means that in the unlikely event that we cannot meet our obligations you will be able to make a claim for the full value of the Lifetime ISA from the FSCS.

If you are planning to use your money towards purchasing a first home, you do not withdraw the funds directly yourself, because the government penalty will be applied. If you are buying a house, contact Customer Services, who will guide you through the process. 

Lifetime ISAs are subject to a government penalty (25% of the withdrawn amount) if not used of the purchase of your first home or withdrawals made before you are 60. To withdraw money from your Lifetime ISA, please contact Customer Services or your Financial Adviser. The unit price displayed is for the previous working day, which changes daily, this means you may receive a little more or less than what you have chosen to withdraw. The price you receive will be based on the date the withdrawal is requested, and it may take up to 5 working days to process your request.


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Financial guidance - at no cost to you
Meet with a Financial Adviser to discuss your options at your convenience.

Description of member benefits that you may receive assumes you are a Foresters member. Members must be 18 years of age or older and must have an active Foresters Plan and maintain it in good standing. Foresters member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice. Member benefits are not regulated by the Prudential Regulation Authority or the Financial Conduct Authority and may change in the future.