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Make the most of your savings with a Lifetime ISA

Whether you’re saving for your first home or saving for retirement, with a Lifetime ISA you can earn a 25% tax-free government bonus.

New Lifetime ISA?

Apply now to open and ​manage your account online.

Apply online

Want to transfer a LISA?

Transfer your existing Lifetime ISA to Paragon.

Transfer LISA

As part of the government’s Coronavirus response, the 25% government withdrawal charge
has been temporarily reduced to 20% between 6 March 2020 - 5 April 2021.

Is a Lifetime ISA best for you?

  • Open a new LISA between 18-39 years old​
  • Transfer an existing LISA​
  • Save with a 25% government bonus on your deposits
  • Use your funds to buy your first home, or towards retirement

Make the most of your 2020/2021 ISA subscription

If you want to take advantage of this year’s ISA allowance, you need to make sure you
complete your application and fund your new cash ISA by 12pm 5 April 2021.

You have the freedom to spread your annual ISA allowance with our Flexible ISAs and ISA wallet.

Account summary

As part of the government’s Coronavirus response, the 25% government withdrawal charge
has been temporarily reduced to 20% between 6 March 2020 - 5 April 2021.

Ready to apply?

What you will need

  • Your contact details
  • Your email address
  • Details of the UK current account, in your name (either as sole or joint holder) that you would like to set up as your nominated bank account
  • Existing LISA account details if transferring

New Lifetime ISA?

Apply now to open and ​manage your account online.

Please read the account summary and terms & conditions before applying.

Want to transfer a LISA?

Transfer your existing Lifetime ISA to Paragon.

About your Lifetime ISA

Deposits and withdrawals

Make deposits by electronic bank transfer or cheque​. Additional deposits can be made, subject to not exceeding your annual LISA allowance. You can transfer your current or previous LISA subscriptions. Existing customers can make a deposit from their existing Paragon accounts (subject to account terms and conditions).

Withdrawals for anything other than the purchase of your first home or retirement after your 60th birthday, are subject to the 25% government withdrawal charge.

 

Nominated bank account

To help keep your savings safe, your Paragon accounts must be linked to a nominated bank account. This account must be a UK current account in your name, and we will only accept money from and send your savings to your nominated bank account .

Closing your account

If you change your mind, you have the right to close your account within 30 days of us receiving your opening deposit. Your account will be closed if it falls below the minimum required balance.


Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551