BMO Lifetime ISA Coming Soon

New BMO Lifetime ISA

For UK investors aged between 18 and 39, we’ll shortly be launching the BMO Lifetime ISA, which will also benefit from our new simplified charges. This product offers benefits to investors looking to save for their first house purchase or, looking further ahead, their retirement. Scroll down for further information on our new product.

To register your interest in the BMO Lifetime ISA, email [email protected] or use the button below. By registering, we’ll provide you with more information on the BMO Lifetime ISA and notify you once the product has launched. 

What is a Lifetime ISA?

A Lifetime ISA can be opened by people aged 18 to 39 to help towards a first home or retirement. With a Lifetime ISA, you can invest up to £4,000 each tax year and the government will give you a 25% bonus up to £1,000. 

It acts as a wrapper to hold a range of different investments. The right Lifetime ISA for you depends on your goals and your attitude towards risk.

Let's talk about risk

There’s an element of risk involved with a Lifetime ISA. The value of your investments can go down as well as up and you may get back less than you originally put in. You need to be aged between 18-39 and be a UK resident, and you should consider this as a longer-term investment. Tax allowances and the benefits of tax-efficient accounts are subject to change and tax treatment depends upon your individual circumstances.

Any withdrawals made from your Lifetime ISA that are not for an eligible house purchase or retirement when you are 60 years old will incur a Government withdrawal charge of 25% which means you could get back less than what you put in

Got questions about the launch of a BMO Lifetime ISA?

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