What is a Lifetime ISA?
Why choose a BMO Lifetime ISA?
Benefit from our expertise
We can trace our investment roots back to 1868, when F&C Investment Trust, the world’s oldest collective investment fund launched, and have been adding to our offering ever since.
Investment trust options
Whether you're looking for growth or income, join over 100,000 UK Investors and create an investment portfolio that meets your needs with our 10 Investment Trusts.
No online dealing charges
By making an investment using our Investor Portal, you won’t pay any dealing charges. Government stamp duty and Annual Management Charges apply.
Responsible Investment
For over 35 years, we have led the way in responsible investment. We’ve engaged with over 5,500 companies to ensure that generating returns for our investors does not come at the expense of the real world in which we all live.
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
Invest in a BMO Lifetime ISA through our 10 investment trusts
Please see the Key Information Documents (KIDs) for further details on the risks for each trust. View the latest performance of our Investment Trusts.
A cost effective way to invest
Invest from as little as £25, with no dealing charges on investments made by a monthly direct debit. One-off contributions, sales and switches can be made online without any dealing charges. If you need to send instructions via post, there will be a £12 charge for each fund selected.
Make sure you read the pre-sales costs disclosure before you invest.
How can I open a BMO Lifetime ISA?
Investing in a BMO Lifetime ISA is straightforward.
Choose the investment trust(s) that best suits your investment needs and finally, decide how much to invest. Please make sure you read the Key Features and Terms & Conditions, the relevant Key Information Document and Pre-Sales Disclosure documents.
Our investor portal is the quickest and most cost-effective way to invest. You can set-up a monthly direct debit or invest a lump sum using your debit card. Alternatively, you can download an application form and send it into us. If you have a Child Trust Fund with us, you can open an account using our election hub
Our Lifetime ISA video
More information
The Key Features gives full details about how the BMO Lifetime ISA works and you should read this before investing. However, here are the answers to some questions you may have if you are considering opening a BMO Lifetime ISA.
You can have more than one ISA account allowing you flexibility. For example, you could invest your full £20,000 allowance in a Stocks and Shares ISA or you could split the allowance between a Stocks and Shares ISA and a Cash ISA. Please note even if you have more than one account your allowance is still £20,000 per tax-year (allowance correct for 2022/23 tax-year).
Got questions about the BMO Lifetime ISA?