Lifetime ISA: Retirement Savings in the UK Explained!

You can cash it out at 60 years of age. I know, I know. 60 years sounds very far, but just think about it. Maybe 20 years ago. Where were you? What were you doing? It doesn't seem that far. It doesn't seem that long ago, especially for me. So basically, that's what the lifetime ISA is for. You can use it for your first home, or you can use it for retirement. Okay, now, the second thing about the Lifetime ISA that I usually stress is that there are two types of the LifeStyleMe ISA cash, and there's Lifetime ISA stock and shares. No, no, don't confuse it to the stock and shares isa. They are both Liza. They act in the same way. You have to be up to a certain age to open it. That's 18. 18 years. I can open it between 18 and 39. You can put a maximum of 4,000 and the government can top up to 25%. But one of them can be in cash and the other one will be in stocks and shares.