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  • FIRST POST
    • mcddrums
    • By mcddrums 13th Jan 18, 4:13 PM
    • 6Posts
    • 0Thanks
    mcddrums
    1st year (2017/28) HTB/LISA max bonus available?
    • #1
    • 13th Jan 18, 4:13 PM
    1st year (2017/28) HTB/LISA max bonus available? 13th Jan 18 at 4:13 PM
    Hi everyone,

    I want to run this past you to see if my thinking is correct...

    I have a HTB ISA which has 4k in it and I have transferred this over to my LISA during the first year where it won't affect the max limit I'm allowed to put in.

    I understand that when I transfered my HTB ISA the previous bonus earned would still be earned on the HTB amount transferred. So this would be £1000 banked.

    With the Lisa I get the same 25% bonus. The maximum I can earn from a LISA in a year is £1000 on the £4000 I invest.

    At the moment I'm unlikely to fill the separate LISA allowance of £4k as I've not been paying in enough to hit the £4k. However, I do have finds available which I could move over (as we can put in a lump sum). If I transferred enough to hit the £4k before the end of the tax year would I then earn £1k on that as well?

    So effectively. Would this then mean that I could earn £2k - eg a 25% bonus carried in from the original HTB ISA, and then the LISA Bonus is treated separately, so another £1k for this year from that too?

    Thanks very much
    Last edited by mcddrums; 13-01-2018 at 4:15 PM. Reason: Spelling
Page 1
    • eskbanker
    • By eskbanker 13th Jan 18, 6:51 PM
    • 6,096 Posts
    • 6,122 Thanks
    eskbanker
    • #2
    • 13th Jan 18, 6:51 PM
    • #2
    • 13th Jan 18, 6:51 PM
    Yes, the 25% LISA bonus is applied to all qualifying contributions, whether from a HTB transfer or paid in as new money, so if you transferred £4K in from HTB contributions prior to 2017/18 and then another £4K of new money during this tax year then you'll receive a £2K bonus in late April or early May 2018.

    You can of course then pay another £4K in anytime from 6 April 2018 and get another £1K bonus between one and two months later....
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