Homes · New for 2029
The new First-Time Buyer ISA: what we know so far
The October 2026 Budget confirmed a new First-Time Buyer ISA from April 2029. Here's what's been announced, and what it means if you're saving now.
The headline details
| Starts | April 2029 |
| Who can open one | Age 18+, no upper age limit |
| Yearly limit | £4,000 |
| Government bonus | 25%, up to £20,000 in total |
| Property price cap | £450,000 |
How it differs from the Lifetime ISA
- No upper age limit to open, unlike the Lifetime ISA's under-40 rule
- The bonus is paid on the final balance, including interest and growth, when you buy
- It's for first homes only, with no retirement option
What if I'm saving now?
Don't wait until 2029. If you're 18 to 39, a Lifetime ISA is still available and you can keep using it after 2029. You can't transfer between the two, but both can be used towards the same purchase.
Still to be confirmed
Full rules, including what happens if you withdraw for another reason, will follow before launch. We'll update this guide when they're published.
Saving for a deposit now? See how much to put away each month.
Use the savings calculatorBased on the October 2026 Budget announcements. Details may change before launch.