Lifetime ISA
smiffy12_2
Posts: 21 Forumite
Hi all,
Sorry if this has been posted before but quick question regarding the bonus payments for FTB, below is what I plan to do having opened the LISA this morning, please could someone advise me if my understanding of the product is correct.
13th Feb-18: pay in £4k.
5th Apr-18: Pay in £4k
5th Apr-19: Pay in £4k
Would this mean that my bonus amount would be £3k in May-19 (roughly when I plan to purchase), or would it only be £2k?
Thanks in advance
Sorry if this has been posted before but quick question regarding the bonus payments for FTB, below is what I plan to do having opened the LISA this morning, please could someone advise me if my understanding of the product is correct.
13th Feb-18: pay in £4k.
5th Apr-18: Pay in £4k
5th Apr-19: Pay in £4k
Would this mean that my bonus amount would be £3k in May-19 (roughly when I plan to purchase), or would it only be £2k?
Thanks in advance
0
Comments
-
You need to pay in on 6th April (first day of tax years) not the 5th, but apart from that, yes, you can earn a total of £3K in bonuses, the last £1K of which would be payable in late May (or maybe early June) 2019.0
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