Hargreaves Lansdown Lifetime ISA

Is Hargreaves Lansdown LISA any good?

Yes, Hargreaves Lansdown’s Lifetime ISA is a great way to take advantage of the 25% government bonus with you £4,000 Lifetime ISA allowance as fees are low and there are a huge amount of markets to invest in.

When you deposit money into a Hargreaves Lansdown lifetime ISA, the government will top that amount up by up to 25%. It is one of the best ways to get a head start save for your first home, or to save for your retirement.

Hargreaves Lansdown LISA Fees Reduced

Hargreaves Lansdown’s Lifetime ISA also benefits from free account opening.

Administrative fees for the lifetime ISA, Hargreaves Lansdown operates a scaled charging system with a fee of 0.25% on the first £1.0 million of investments, if that money is held in funds

Those charges fall to 0.1%, for fund holdings worth between £1.0 and £2.0 million and fall to zero for investments that are larger than £2.0 million.

However, if the investor only holds UK and overseas equities, investment trusts, ETFs, VCTs or Gilts and other bonds, in their Lifetime ISA, then fees are charged at 0.25% capped at a maximum of £45.0 per annum.

Share charges are capped at £45 per year. There is no charge for buying funds, but shares are charged at £11.95 per deal or £5.95 if you do over 20 deals per month.