CT Lifetime ISA

You can have more than one Lifetime ISA account, but you can only open one in each tax year and put money into one account each tax year.

Payments are normally made from the Lifetime ISA account holder. We can accept payments from third parties however we will require a letter, signed by them and sent along with the payment, that confirms that the money is being irrevocably gifted to the account holder. We may also be required to verify the identity of the payer (for example, a certified copy of their current passport or driving license for identity and a copy of a bank statement or utility bill as proof of address). If someone else is planning to make a payment into your Lifetime ISA you may want to contact our Investor Services team (0345 600 3030 if you’re calling from the U.K. or +44 1268 447 407 from overseas, lines are open weekdays 9am-5pm) in advance of the payment being sent to check if anything further will be required.

Yes, you can do this by simply completing our General Investment Account (GIA) transfer of sale proceeds to Lifetime ISA form. This will mean your shares will be sold and the proceeds used to buy shares within an ISA account in your name.

There is no tax to pay on any return on your investment, including dividends or interest received. You’ll also pay no capital gains tax (CGT), which may be relevant if you have used up all your annual CGT allowance.

As the accountholder (you can only have one account holder for an ISA) you can top up through the online Investor Portal using a debit card. Alternatively, you can send us a cheque in the post along with the relevant Top-Up Form.
Your money is invested on the next available dealing day after receipt of your payment (subject to online dealing cut-off times).

There is no tax to pay on any return on your investment, including dividends or interest received. You’ll also pay no capital gains tax (CGT), which may be relevant if you have used up all your annual CGT allowance.