LISA Bonus Calculator
See how much the government bonus adds to your LISA savings.
Enter your savings plan
£
Max eligible: £4000
LISA bonus calculator guide for UK savers
WeCovr's LISA bonus calculator helps UK savers estimate Lifetime ISA bonuses, backed by FCA-authorised guidance and 900,000+ policies issued across protection products. WeCovr also supports private medical insurance UK planning, while this guide explains LISA bonus basics.
What this LISA bonus calculator estimates
The calculator estimates the government bonus on LISA contributions, subject to annual contribution limits.
It does not model investment growth or withdrawal penalties.
Applies the 25% government bonus.
Caps contributions at the annual limit.
Shows total contributions plus bonus.
LISA age and withdrawal rules
LISAs are typically available for first-home purchase or retirement, with penalties for unqualified withdrawals.
Why WeCovr supports long-term planning
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance. If you are comparing private medical insurance UK options, we can help you access private health cover through a trusted PMI broker.
Data sources and guidance references
This guide references HMRC guidance on Lifetime ISA rules and bonus limits.
LISA planning highlights
| Element | Current rule | Impact | Notes |
|---|---|---|---|
| Annual limit | £4,000 | Caps bonus | Bonus applies to limit |
| Bonus rate | 25% | Boosts savings | Paid monthly |
| Penalty | Applies | Reduces withdrawals | Check conditions |
Related WeCovr resources
FAQs
Does this include investment growth?
No. It only estimates contributions plus the government bonus.
Is the bonus guaranteed?
Bonus rules can change. Check current HMRC guidance.
What happens if I withdraw early?
A withdrawal penalty may apply and can reduce the amount you receive.
Can I use a LISA for a second home?
No. LISAs are for first-home purchases or retirement only.