How to switch your lifetime isa.
Someone in a higher-fee LISALifetime ISAAn ISA for under-40s. Use for first home (under £450k) or retirement (60+). 25% government bonus on contributions up to £4,000/year. — typically anything 0.45% AMC and up. What follows is illustrative — the sequence a typical switch goes through, and the parts the receiving provider handles for you.
The typical sequence.
- 01
Open the new LISA at a lower-fee provider.
- 02
Initiate a LISA transfer through the new provider — same form as ISA transfers.
- 03
Government bonus and HMRC LISA flag move with the money. The 25% bonus accumulated to date isn’t lost.
- 04
Typically 2–4 weeks for the transfer to settle.
Gotchas.
- !LISA transfers must go provider-to-provider. Withdrawing instead triggers the 25% withdrawal penalty (which can be more than the bonus received, since it’s 25% of the gross amount).
- !If a first-home purchase is imminent, transfer timing matters — solicitors typically want at least 4 weeks of clean LISA history at the new provider before accepting a withdrawal.
Who Feefee compares.
- Vanguard UK0.15% / year (min £48) (capped £375)
0.15% per year, minimum £48/yr (£4/month floor under ~£32k balance), capped at £375/year above ~£250k. Vanguard funds only. Pays ~3.10% on uninvested cash via their Sterling Short-Term MMF (down from ~4% — followed BoE cuts).
- AJ Bell Dodl0.15% / year (min £12)
0.15% on all balances, £1/month minimum, no cap. App-first, simplified fund range.
- AJ Bell0.25% / year (capped £3500)
Full-fat AJ Bell. SIPP and ISA funds: 0.25% to £250k, 0.10% £250k–£500k, 0% above £500k. SHARE accounts capped separately: £3.50/month ISA, £10/month SIPP — flat-equivalent above ~£17k–£48k in shares, so the headline 0.25% materially overstates cost for share-heavy portfolios. Dealing fees: £1.50 funds, £5.00 shares (£3.50 frequent-trader). More fund choice than Dodl.
- Hargreaves Lansdown0.25% → 0.00% (3-tier)
Premium platform with research + customer service. Tiered platform fee (cut 1 March 2026): 0.35% to £250k → 0.25% to £1m → 0.10% to £2m → 0% above. Funds only — stocks have separate dealing fees (never more than £6.95 per trade). LISA: 0.25% a year on funds up to £1m (0.10% £1m–£2m, 0% above); LISA shares charged 0.25% capped at £3.75/month. Uninvested cash rates tiered since 10 Jun 2026 — entry tiers: 1.31% ISA, 2.02% SIPP, 1.41% LISA, 1.06% Fund & Share; larger balances earn more (up to 2.63% on SIPP, 2.17% on ISA).
- Moneybox£1.00 / month + 0.45% / year
App-first, friendly UX. ISA/LISA 0.45% + £1/month (waived with £5k+ in Cash ISA/Simple Saver; first 3 months of the subscription free for new customers). SIPP: Moneybox Funds 0.15%/year capped at £150/yr; other funds 0.45% to £100k, 0.15% above, no subscription. Simple Saver 2.40% AER underlying (3.40% with the conditional reward). Expensive on small invested pots; cheaper on larger SIPPs.
- Tembo0.35% / year
LISA-focused, modern UX. 0.35% platform fee EXCLUDES the underlying fund OCF on the multi-asset fund (0.17%), so true all-in ≈ 0.52% per year. LISA carries a 25% government withdrawal penalty (≈ 6.25% of capital lost) on any withdrawal before age 60 that isn't a first-home purchase or terminal-illness claim — material caveat for LISA savers, not Tembo-specific but worth flagging.
- Other / not listed—
Not on the list? Pick this and tell Feefee what you're getting (rate or fee). We'll compare against the lowest-fee or highest-rate alternative we track.
See it on your numbers.
Sixty seconds, no logins. Drop your balances in and see what each option would actually mean for your setup, side by side.