Lifetime ISA Explained: Bonus, Rules & Withdrawal Charges

Understand how a Lifetime ISA (LISA) works: who can open one, how the 25% government bonus is paid, how it can help you buy a first home or save for later life, and when a withdrawal charge applies. Includes the Budget 2026 changes and the planned First Time Buyer ISA.

This course gives general information only. It is not financial, tax or legal advice, and Tutwoo is not authorised by the Financial Conduct Authority to give financial advice. Figures and rules were checked against official sources on 30 October 2026 and can change. For help with your own situation, use free guidance from MoneyHelper or speak to a regulated adviser.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.