Lifetime ISA

Interested in a 25% government bonus to help you buy your first home or save for a tax free lump sum upon retirement?

We are working alongside Metfriendly to provide the Lifetime ISA (LISA) to our members.

How does it work?

Invest up to £4,000

You can invest a maximum of £4,000 per year (leaving you £16,000 for other ISAs).

Aged 18-39

The LISA is available to people between the ages of 18 and 39.

25% Bonus

The government will add 25% on top of your savings – that’s up to £1,000 per year!

Lots of great benefits

  • Easy to save

    Save monthly (min £100 per month) or add lump sums (min £1,200 or £400 for top ups).

  • Invest up to £4,000

    You can invest a maximum of £4,000 per year (leaving you £16,000 a year to invest in other ISAs).

  • Contribute until you are 50

    The LISA is available to those aged 18-39, but once you’ve opened an account you’ll be able to continue contributing until the age of 50.

  • Tax-free savings

    No income or capital gains tax is payable on the investment growth.

  • Double up your bonus

    Your spouse is eligible too, which means you could get up to £2,000 a year from the government between you.

  • Additional returns

    Metfriendly will add an additional guaranteed annual bonus.

Summary Box

Metfriendly have specialised in supporting Police families for over 125 years and were the first provider of the Lifetime ISA (LISA).

The LISA is available to eligible members of Metfriendly aged between 18-39. Once you’ve opened an account you’ll be able to continue contributing up until the age of 50.

You can invest a maximum of £4,000 per year (leaving you £16,000 a year to invest in other ISAs).

You can save monthly (min £100 per month) or add lump sums (min £1,200 or £400 for top-ups).

The government will add 25% on top of your savings – that’s up to £1,000 per year!

Metfriendly will add an additional guaranteed annual bonus (please check their website for more information about interest rates).

No income or capital gains tax is payable on the investment growth.

Your spouse is eligible too which means you could get up to £2,000 a year from the government between you.

Visit www.metfriendly.org.uk/lisa for more details or ring them on 01689 891 454.

The LISA product provided by Metfriendly.

  • Metfriendly and Serve and Protect Credit Union are separate companies.
  • Metfriendly have specialised in supporting Police families for over 125 years and were the first provider of the Lifetime ISA (LISA).
  • There will be no financial payment to Serve and Protect Credit Union from Metfriendly in relation to any LISAs taken out.

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