The key to your first home is a Lifetime ISA
Take advantage of a 25% Government bonus added to any money you save in a Lifetime ISA towards your first home. Investing carries risk.
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What is a Foresters Lifetime ISA?
Giving your savings a boost
With a Lifetime ISA, the government adds a 25% bonus to your savings. So, for every £4 you save the government will add £1, or that’s £1,000 if you save the maximum of £4,000. To open a Lifetime ISA you must be aged 18-39 and a UK resident and want to save towards your first home and/or want to access the money after age 60.
Investing for a better return
By investing in Lifetime ISA there is potential for growth that is free of UK income and capital taxes. It is recommended to invest for the medium to long-term, helping to offer more potential for growth than saving in a bank or building society. There is an annual management charge of 1.5% reducing to 1% after 10 years. With no contribution or transfer fees.
Save up to £4,000 each year
Monthly and/or single contributions start saving from as little as £20, giving you flexibility to save as and when you can. With a government bonus up to an extra £1,000 each year.
Become a Foresters member
By saving with us you will become a member, and will have access to a range of exclusive benefits. Such as volunteer grants, member discounts and will writing – just to name a few! Discover our member benefits >
Member benefits are not regulated by the Prudential Regulation Authority or the Financial Conduct Authority and may change in the future.
Two ISAs in one Plan
Our ISA is the only ISA on the market where you can save in a Lifetime ISA and Stocks and Shares ISA in the same Plan. With a Stocks and Shares ISA you can save even more towards your future goals and you can access the money when you need.
Transfers from your Stocks and Shares ISA to your Lifetime ISA can be made, so you can make the most of the government bonus. You can also split the minimum contribution amount of £10 to a minimum in each ISA.
Is a Lifetime ISA right for me?
✓ Want to save towards your first home and/or for age 60
✓ Want an added 25% government bonus
✓ Looking for low minimum contributions
✓ One, simple annual management charge
✓ UK resident, aged 18-39
✓ Looking for straightforward investing
With an ISA tax treatment depends on individual circumstances and may be subject to change. As with all stock market investments the value of your ISA can fall as well as rise.
A Lifetime ISA must be held for at least 12 months before using it towards the purchase of a first home in the UK up to £450,000. By saving into a Lifetime ISA instead of a workplace pension, you could lose the benefit of employer contributions and the value could affect any entitlement to means tested benefits.
The government bonus will apply to any contributions (up to £4,000) until your 50th birthday, which you can access at age 60. If you make a withdrawal from the Lifetime ISA before age 60, other than to purchase your first home, you will pay a government penalty of 25% on the withdrawal amount, and you may get back less than you paid in.
Start saving for your future
Invest in one fund or a combination of the two, it’s up to you.
During your application you will have the choice to open a Lifetime ISA and/or a Stocks and Shares ISA.
Foresters Stakeholder (Schroders) Managed Fund
A global, straightforward fund designed for Foresters Customers
- Choose to invest your savings partially or fully in this fund.
- Invest over the medium to long-term in a professionally managed fund by Schroders.
- Considers ESG factors with 45% to 60% invested in shares.
Foresters Stakeholder (Schroders) Sustainable Future Managed Fund
Invest in your future in a fund that has a focus on sustainability
- Choose to invest your savings fully or partially in this fund.
- Invest over the medium to long-term in a professionally managed fund by Schroders.
- Considers ESG factors with 0-60% invested in shares.
Want to save in our Shariah Lifetime ISA?
We also offer a Lifetime ISA that invests in a Shariah compliant fund. Find out more about how you can invest for your future.
Manage your savings with MyPlans
View the Lifetime ISA value, make contributions, view fund performance, documents, and so much more.
Existing customer? Login to MyPlans >
Financial guidance - at no cost to you
Meet with a Financial Adviser to discuss your options at your convenience.
Description of member benefits that you may receive assumes you are a Foresters member. Members must be 18 years of age or older and must have an active Foresters Plan and maintain it in good standing. Foresters member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice. Member benefits are not regulated by the Prudential Regulation Authority or the Financial Conduct Authority and may change in the future.
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