Certificate In Mortgage Advice And Practice (CeMAP) 2 Practice Exam

Lifetime ISA rule: stop paying in at what age?

50 60 65 70

Correct Answer:

Explanation:

Contributions to a Lifetime ISA are limited by an age cap: you can pay in until you reach 50 years old. Once you turn 50, you can’t add further money to the account, even though the plan can stay open for withdrawals later under the scheme’s rules. This window—up to age 50—exists to encourage long‑term saving for a first-time home or retirement, with the government bonus applying to eligible annual contributions up to the limit. So, stop paying in at 50; the other ages would go beyond the allowed contribution period.

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