Lifetime ISA 2020/21 Application Deadline

Date: 1 April 2021

 

Our Cash Lifetime ISA has been withdrawn due to the limited available time to process before the tax year end - 5th April 2021. Please revisit us from 6th April 2021 to invest your 2021/2022 Lifetime ISA allowance.

Important information for funding your Lifetime ISA ahead of the Monday 5th April deadline.

Existing Lifetime ISA

You must ensure any payment made for 2020 / 2021 tax year is received by the society by 8pm on 5th April (1st April for cheque payments). We’d recommend you check with your bank or building society about the timescales to send a payment.

As the tax year falls over the Easter bank holidays, the last day we are able to process an unauthorised withdrawal request for the 2020/2021 tax year is 4pm on 1st April 2021, incurring the current penalty of 20%.  Requests made from 6th April 2021 will incur the withdrawal penalty of 25%.

 

New Lifetime ISA applications

Our Cash Lifetime ISA has been withdrawn due to the limited available time to process before the tax year end - 5th April 2021. Please revisit us from 6th April 2021 to invest your 2021/2022 Lifetime ISA allowance.

Should you wish to apply for a Lifetime ISA in the new tax year, you'll need to re-apply from Tuesday 6th April 2021.

 

Making an electronic payment

To send an electronic payment from your bank or building society to your Lifetime ISA please use the details below:

Sort Code: 23-59-54

Account Number: 00000008

Reference: Your Newcastle Building Society Lifetime ISA number, this will be 13 digits starting with 3 letters (i.e. ABC 1234567 XYZ) or your application reference confirmed at the end of your Lifetime ISA online application.