- Experts rate Hargreaves Lansdown's Lifetime ISA highly, noting the significant tax savings available for different taxpayer brackets and the attractive government bonus of up to 25% on contributions. The platform offers a wide range of investment options, including over 3,000 funds and various asset classes, while maintaining competitive fees, particularly for larger investments.
- Across 1775 user reviews on Good Money Guide, averaging 3.8/5, customers frequently highlight the platform's user-friendly app and excellent customer service, with many appreciating the extensive investment options available. However, some users express concerns about high fees and occasional difficulties with account management and customer support responsiveness.
Hargreaves Lansdown Lifetime ISA Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Hargreaves Lansdown Lifetime ISA across five key areas of our review framework.
- Pricing4.0
- Market Access5.0
- App & Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Investment options
- Established provider
- Good interest rates
Cons
- Account charge
See full expert review
Our verdict
Hargreaves Lansdown's Lifetime ISA is a great way to take advantage of the 25% government bonus with your £4,000 Lifetime ISA allowance as fees are low and there are a huge number of markets to invest in.
Does HL have a good Lifetime ISA?
The latest LISA analysis from Hargreaves Lansdown found that if you invested the full allowance in a stocks and shares Lifetime ISA over 30 years, the tax saving for a basic rate taxpayer could be £26,935, for a higher rate taxpayer £59,949 and for an additional rate taxpayer £66,044.
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.
Once you add in the government top up, a Lifetime ISA investor could be £129,568 better off than a basic rate taxpayer investing outside an ISA, £162,581 better off than a higher rate taxpayer and £168,676 better off than an additional rate taxpayer
Hargreaves Lansdown's Lifetime ISA also benefits from free account opening.
In terms of 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.
The HL LISA is geared more towards more confident investors Hargreaves Lansdown gives you one of the most flexible Lifetime ISAs where you can choose exactly what to invest in. With the HL LISA you can invest in over 3,000 funds, UK and international shares as well as investment trusts, bonds and ETFs.
Customer reviews for Hargreaves Lansdown
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,775 reviews
- Excellent27%
- Very good38%
- Basic24%
- Poor7%
- Bad4%
Read customer reviews
3/5
good enoughfor Isa and investments....
good enoughfor Isa and investments. on the expensive side
4/5
Easy to use & cost...
Easy to use & cost effective
Not had much interaction
Not had much interaction
Good
Good
Limited access through the app
Limited access through the app
Efficient service
Efficient service
Expensive recommendations not reliable
Expensive recommendations not reliable
The platform is easy to...
The platform is easy to use in both app and web form. Information is clear and making investments is very simple. They also have and Active Savings service which allows access to great savings rates with banks not accessible through other means
great app with good info
great app with good info
4/5
None
None
Good reputation but little used
Good reputation but little used
I have an outstanding claim...
I have an outstanding claim against them concerning Woodford.
Easy to use and to...
Easy to use and to trade shares
Not user friendly.. takes a...
Not user friendly.. takes a while to look for topics
Good for placing own Stocks...
Good for placing own Stocks and Shares and money deposits
Not the cheapest, but a...
Not the cheapest, but a slick platform so happy to use
no comment
no comment
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