You must open a Lifetime ISA before you turn 40, not on your 40th birthday. The speaker gets this question every year from people who think they have until their birthday arrives. If you are 39 and 364 days old, open one today, even with just one pound.
If you're under 40 and you have not opened a Lifetime ISA yet, this is your reminder. You cannot get those years back once they pass. Now, there's something that happens every single year. I call it the birthday question. Every year, without fail, I receive some version of this message. Hey, Dandy, today is my 40th birthday. Can I open a Lifetime ISA? No, life does not start at 40, neither does Lifetime ISA. You can't open a lifetime ISA at 40. You must open it before your 40th birthday, not on your 40th birthday, before it. If you are 39 years old, 364 days old right now, so go out and open one. Put a pound if you don't want to put in any money. Seriously, right now, before you finish this video, before— because tomorrow that window closes permanently, especially if you're just about to turn 40.
