Lifetime ISA Calculator
Get a 25% government bonus on savings for your first home or retirement
Last updated: February 2026
Your Details
When you'll withdraw (min 60 or first home)
Contributions
£
£
Annual: £2,400
%
Typical: 4-7% for investments
Purpose
Total LISA Value at 60
£162,806
Including £15,800 government bonus
Years of Saving
25
You Save
£63,200
Gov Bonus (25%)
£15,800
Growth
£83,806
Total
£162,806
Free Government Money!
The government adds 25% bonus on everything you save (max £1,000/year). Save £4,000, get £1,000 free = £5,000 total per year!
Bonus years remaining:25 years
Bonus stops at age 50
Annual Allowance Usage
£3,400 of £4,00085%
LISA limit: £4,000/year (counts toward £20,000 ISA allowance)
Early Withdrawal Penalty
Withdrawing for any reason other than first home or retirement (age 60+) incurs a 25% penalty on your entire balance.
25% Penalty Amount
-£40,702
You'd Receive
£122,105
Projected Growth
Age 26
£7,275
Age 28
£14,335
Age 30
£22,136
Age 32
£30,756
Age 34
£40,280
Age 36
£50,803
Age 38
£62,431
Age 40
£75,279
Age 42
£89,476
Age 44
£105,162
Age 46
£122,494
Age 48
£141,645
Age 50
£162,806
Contributions
Bonus
Growth
Understanding Lifetime ISAs
✅ The Good
- • Free 25% government bonus
- • Up to £1,000 bonus per year
- • Tax-free growth (like all ISAs)
- • Perfect for first-time buyers
- • Great retirement booster
❌ The Bad
- • 25% penalty for wrong withdrawals
- • Must be 18-39 to open
- • Only £4,000/year limit
- • Property max £450k
- • Must be first-time buyer
📋 Key Rules
- • Open between ages 18-39 (but can contribute until 50)
- • Get 25% bonus up to age 50
- • Max contribution: £4,000/year
- • Penalty-free withdrawal: First home OR age 60+
- • Counts toward £20,000 ISA allowance
LISA allowance: £4,000 per tax year (6 April - 5 April) | 25% government bonus | Rates for 2025/26