The following types of withdrawal from a Lifetime ISA will not give rise to a withdrawal charge:

a withdrawal made at a time after the investor has reached such age as may be specified in Treasury regulations, (which may also provide an exception for withdrawals made out of additions after the specified age has been reached). The specified age is 60 (see SI 1998/1870, Schedule, para. 4);

a withdrawal made for the purposes of a ‘first time residential purchase’ being made by the investor;

a withdrawal made at a time when the investor is suffering from a ‘terminal illness’;

a withdrawal made at a time after the investor's death; and

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