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    • jam1991
    • By jam1991 20th Mar 17, 1:48 PM
    • 12Posts
    • 3Thanks
    jam1991
    LISA Query
    • #1
    • 20th Mar 17, 1:48 PM
    LISA Query 20th Mar 17 at 1:48 PM
    I watched the Martin Lewis Money show, where the LISA's were discussed in detail.


    One question I still have is that if you open a LISA in April 2017 and add for example 1,600 to the account from a H2B account, and then add a further 4,000 over the next 12 months.


    Come April 2018, how much bonus will be due? The show seemed to indicate that you would be paid the bonus on the 5,600 (1,600 opening amount plus the 4,000) saved.


    Can anyone clarify for the above example please?
Page 1
    • masonic
    • By masonic 20th Mar 17, 6:05 PM
    • 9,126 Posts
    • 6,261 Thanks
    masonic
    • #2
    • 20th Mar 17, 6:05 PM
    • #2
    • 20th Mar 17, 6:05 PM
    The show seemed to indicate the correct answer.
    • bowlhead99
    • By bowlhead99 20th Mar 17, 6:18 PM
    • 6,306 Posts
    • 11,120 Thanks
    bowlhead99
    • #3
    • 20th Mar 17, 6:18 PM
    • #3
    • 20th Mar 17, 6:18 PM
    As long as the opening amount via transfer-in of a HTB ISA is all from previous tax year subscriptions...

    (i.e. no 2017/18 contributions were made to the HTB ISA before transfer)...

    and you don't go and open another HTB ISA and put 2017/18 contributions into it after the transfer either...

    you will be allowed to get the bonus on a full 4000 of new contributions that you make directly into the LISA as well as on the 1600 that came in via transfer from the prior years' HTB ; 5600 total.

    Don't know if that's what the show said but if they didn't it's probably what they meant
    • jam1991
    • By jam1991 21st Mar 17, 2:10 PM
    • 12 Posts
    • 3 Thanks
    jam1991
    • #4
    • 21st Mar 17, 2:10 PM
    • #4
    • 21st Mar 17, 2:10 PM
    The show seemed to indicate the correct answer.
    Originally posted by masonic
    Really helpful
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