Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

Understanding the Lifetime ISA Withdrawal Charges

23 Apr 2024 · 0 min

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0:16

Short YouTube explainer by Ndubuisi 'Andy' Egwim describing the penalty for withdrawing from a Lifetime ISA for non-qualifying reasons. The speaker states that withdrawals other than to buy a first home or after age 60 incur a 25% charge that can cancel the government bonus and may produce a capital loss; some platforms may add further penalties.

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