Investment lifetime ISA

Let's help make your dream first home a reality, with a Dodl investment lifetime ISA.

Preview of Dodl app showing demo LISA account

What’s an investment lifetime ISA?

A lifetime ISA (LISA) is your first-home-buying or retirement-boosting investment account! This page covers some of its most important points, but make sure you read its key features before opening one with Dodl.

Read the key features

How do LISAs work?

Grow your savings

Being an investment account means you have the opportunity to grow your lifetime ISA savings by investing them in your choice of funds, themes and shares.

Tax-free

And because it’s a type of Individual Savings Account (ISA), any investment growth or income made is tax free! (Tax and ISA rules can change in future.)

For your first home or retirement

You can withdraw your lifetime ISA savings, charge-free, for a deposit on your first home (up to £450,000) or retirement from age 60.

With a lovely 25% bonus

It comes with a generous 25% government bonus on the amount you pay into it, with the maximum bonus each year being £1,000.

Know the lifetime ISA limits

You can only open a lifetime ISA if you're below the age of 40 (unless you're opening it to transfer an existing lifetime ISA in).
You can only pay into your lifetime ISA up to the age of 50.
You can pay in up to a maximum of £4,000 to a lifetime ISA each year (known as the lifetime ISA allowance). Anything you pay in also counts towards your overall ISA allowance of £20,000.
You'll need to have paid into your lifetime ISA for a minimum of 12 months before you can withdraw it charge-free to buy your first house.
If you save into a lifetime ISA instead of your workplace pension you'll miss out on your employer’s pension contributions, and your entitlement to means-tested benefits could also be affected.

Last but not least!

If you withdraw cash from your lifetime ISA before age 60 and aren't using it to buy your first home, you’ll have to pay the 25% government withdrawal charge on the amount you take out. That means you could get back less than you paid in.

Why choose a Dodl investment LISA?

Because Dodl keeps things simple. You can open your LISA and start your investing journey with as little as £25 a month. And here are just a few more reasons…

Part of AJ Bell

You get all the AJ Bell experience and expertise, squeezed into one easy-to-use, no-nonsense investment app.

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Low-cost investing

Invest for less with just a 0.15% account charge - making Dodl one of the best value investment apps around.

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Hassle-free choices

Keep the choice but lose the hassle, with Dodl’s straightforward range of AJ Bell funds, themed investments and shares.

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While investing with Dodl is…a doddle, it carries risk. The value of your investments can go down as well as up and you could end up with less than you put in.

Investment LISA charges

Like all Dodl accounts, you'll only pay one simple low-cost charge for your investment lifetime ISA. Here's how it works.

How much?

0.15% of the value of your investments per year (min £1 per month)

How will I pay it?

It’s collected from the available cash in your investment lifetime ISA once a month, so it’s spread over the whole year.

Anything else?

The investments you choose have their own charges to buy/sell or hold them.

How to get started

It’s as easy as 1-2-3 to get started with a Dodl investment lifetime ISA.

1

Open your account

Sign up and open your shiny new lifetime ISA in minutes

2

Add cash to it

Add a one-off amount from as little as £100
Set up a direct debit from just £25 a month
Transfer another ISA to Dodl

3

Start investing

Build up your tax-free investment portfolio from the range of funds, themes and shares

Get started today