Lifetime ISA
charges and interest rates
Annual account charges
Your annual charge depends on whether you hold funds or shares in your Lifetime ISA. There are no charges for opening an account, holding cash or inactivity.
You can see the interest rates paid on any cash held in a Lifetime ISA here.
Funds
| Value of funds | Charge |
|---|---|
| On the first £1m | 0.25% |
| On the value between £1m - £2m | 0.1% |
| On the value over £2m | No charge |
Shares
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
0.25%
capped at £45 per year
Important note about charges
The investments you choose may have their own charges, for example charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information document. A bid/offer spread may also apply - see our Guide to Fund Prices for details.
Example of account charges
If you invest £3,000 in funds and £1,000 in shares, your charges would be £0.83 per month*.
Annual charge (0.25%)
Annual charge (0.25%)
Annual charge (0.25%)
*The monthly charge will depend on the exact value of your account each month. To keep things simple here, we didn't include any investment growth.
Dealing charges
Fund dealing
There's no dealing charge for buying or selling funds.
Online and mobile app share dealing
including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.
| Number of deals in previous month | Charge per deal |
|---|---|
| 0 - 9 | £11.95 |
| 10 - 19 | £8.95 |
| 20+ | £5.95 |
*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.
Automatic reinvestment
If you’d like any share income reinvested automatically, we’ll place the instruction once your income reaches £10 per holding, or an amount you choose. You won't pay dealing charges but for overseas shares, our normal foreign exchange charges apply.
How to pay charges
There’s no need to remember to make any payments. Each month we’ll automatically take charges from cash in your account.
If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. There is no additional charge for this.
How much cash you need to keep available in your account depends on your investments. We’ll suggest a minimum cash amount for you, which you’ll be able to see in your account when you log in.
Other charges
Other charges may apply in specific circumstances - see the terms and conditions for details.
Charges FAQs
What if there’s not enough cash in my account to pay charges?
If you don’t have enough cash in your Lifetime ISA to pay charges, we’ll debit your charges from your HL Fund and Share Account, if you have one.
If there’s not enough cash to pay charges in your Lifetime ISA or Fund and Share Account, we’ll sell some of your Lifetime ISA investments to cover charges, starting with the units from your largest fund holding. There is no additional charge for this.
For more details, please see our help and support section on collecting charges.
What if I've reached the full Lifetime ISA allowance and can’t top up?
If there’s not enough cash in your Lifetime ISA to pay charges and you can’t top up, you can add money to an HL Fund and Share Account instead. We’ll take your charges there instead of selling your Lifetime ISA investments.
How much interest do I earn on cash in my Lifetime ISA?
It’s important to keep some cash available in your ISA for paying charges. You can also hold cash while deciding where to invest.
See our cash interest rates page for details.
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Help and support
If you have any questions about the HL Lifetime ISA, you can speak to one of our UK-based client support experts.