Best investment trusts to have in a Lifetime ISA

What should you be investing in with your Lifetime ISA? We asked Jason Hollands, Managing Director at Bestinvest, to tell us his top investment trust picks to help those who don't know where to start.

Lifetime ISAs (also called LISAs) can be used for two purposes: to save money to put towards your first property or to save for retirement. Which one you intend to use it for will be important, because they each come with very different time horizons. While a property purchase may be five years away, for example, retirement may give you a twenty or thirty-year timespan to invest.

So what exactly should you invest in with a Stocks & Shares LISA? Investment trusts can be a useful option - whether you’re saving for a house or for later life - says Jason Hollands, Managing Director at Bestinvest. We asked him for his top three choices for investment trusts to invest in with a Lifetime ISA and why.

Before we dive in, however, Hollands states that for those using a LISA to buy their first home within the next one or two years, you might be better off finding the most competitive cash rate on a regular savings account. However, if your house purchase is five to 10 years away, you could consider investing in a lower-risk investment trust.