Nottingham Building Society launches cash LISA

Second provider to offer cash LISA

Hannah Godfrey
clock • 1 min read

Nottingham Building Society is to launch a cash-only lifetime ISA (LISA) at the end of August.

The LISA will be available from the building society from 28 August, and is just one of two providers to offer the cash-only version of the product, alongside Skipton Building Society. Nottingham Building Society will be the only provider that will allow customers to open an account with just £10. Initially, savers will be able to open a LISA in branch, but the building society said it hopes to see an online version go live before the end of the year. The LISA allows those aged between 18 and 50 to save up to £4,000 a year towards a pension or a first home tax-free, with the promis...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on ISAs

Compelling reasons: Growing a Lifetime ISA for retirement

Compelling reasons: Growing a Lifetime ISA for retirement

For some clients, there are compelling reasons why the LISA can be used as a complement to the tax benefits on offer in pensions, writes Joshua Croft

Joshua Croft
clock 24 November 2022 • 3 min read
Hill: “Our focus remains on helping new and existing clients navigate these tough times."

Hargreaves Lansdown focusing on 'cost control' amid mixed results

Revenue and active client growth positive despite AUA woes

Hope William-Smith
clock 17 October 2022 • 2 min read

Les Cameron: ISA stats lead to planning thoughts

ISA tax relief cost £3.3bn in 2018/19

Les Camer
clock 24 March 2021 • 7 min read