Full Breakdown

LISA Strategy

How to use your Lifetime ISA and max out its potential.

Best Lifetime ISA is Moneybox

Moneybox is safe secured and gives the best rate on a Lifetime ISA

User Friendly
Highest rates on Lifetime Cash ISA
Can deposit by direct debit as well as other options
Can transfer in other Lifetime ISA'S

Strategy

We recommend only using a Lifetime ISA for the only reasons.

If you are planning on saving up for a deposit for your first home only.
You are saving for a pension.
You do not plan to withdraw any money other than these 2 reasons. or risk a 25% penalty on all money invested.

How to invest the best way?

If you believe stocks will go up significantly more than the guaranteed cash rate given for the time you open your Lifetime ISA choose the stocks and shares LISA over the cash LISA if not choose the cash LISA.
You plan on depositing £4000 at the start of every new Tax Year no more. Maximise your LISA compounding benefits. by getting the extra Gov bonus of £1000 every year. Over 5 years of a Lifetime ISA you can get £5k in free cash added from the government. plus interest/Compounding growth on that Money too.
If you hold the LISA for over 30 years deposited £4k every year for retirement/pension you'd have £312,231.08 Guaranteed virtually at current rate of 4.4% interest cash isa vs stocks and shares average 7% growth over 30 years you'd have £513,136.96. so if you are investing long term its ideal to use the stocks and shares LISA this can be more risky. the past 3 years growth has been 19% per year so it can be higher than a 7% average.
You can do similar with a Personal pension and put more money into it but you won't pay taxes when you withdraw your lifetime isa like you would with a pension.

So if you have a goal in mind make sure to set aside a max of £4k each year for your Lifetime ISA to benefit from the 25% GOV bonus each year.

We recommended you invest in the gold standard of ETF's the SNP-500 index. this tracks the top 500 companies and which is completely diversified giving a standard average safe return over the past 20+ year of 7% or greater annually.