Lifetime ISAs are usually developed for people under the age of 40 to save for a first home or to secure future consumer spending.
Commonly they enable a customer to hold both investments and cash.
The state will replenish your ISA, adding 25% up to a maximum of 1,000 GBP annually.
But a client is to pay a 25% fee if withdraws before he reaches 60 or uses it for other purposes.
HSBC does not offer lifetime ISAs now.
Read also:
