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Help to Buy ISA guide
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Hi, is the £12k saving limit the same in London even if buying a property over £250k?
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mikepwilkins said:Hi, is the £12k saving limit the same in London even if buying a property over £250k?
There is no £12k savings limit. BUT the government will pay a maximum bonus of £3k.1 -
Okay. This is what I am thinking of doing. Can you please advise me if its right.
I plan to transfer £4k from my £12k HTB ISA either into a S&S LISA or a cash LISA. I'll keep adding £200 into my HTB ISA and just use it as a saving vehicle as the rate is pretty good then next tax year transfer another £4k across into my LISA and the same the following year. Then I plan to put £20k into a S&S ISA each tax year starting now.
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Middle_Sister said:Okay. This is what I am thinking of doing. Can you please advise me if its right.
I plan to transfer £4k from my £12k HTB ISA either into a S&S LISA or a cash LISA. I'll keep adding £200 into my HTB ISA and just use it as a saving vehicle as the rate is pretty good then next tax year transfer another £4k across into my LISA and the same the following year. Then I plan to put £20k into a S&S ISA each tax year starting now.1 -
stehouk said:Santander are reducing the htb isa (issue 1) rate down from 4% to 2.75% effective from 22nd may 2020..... gutted as mine was 4.25%.
So look on the upsides!0 -
badger09 said:mikepwilkins said:Hi, is the £12k saving limit the same in London even if buying a property over £250k?
There is no £12k savings limit. BUT the government will pay a maximum bonus of £3k.
The bonus is still max £3k but you can claim it when buying a property worth up to £400k in London.
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eddie7612 said:The bonus is still max £3k but you can claim it when buying a property worth up to £400k in London.
https://www.helptobuy.gov.uk/help-to-buy-isa/who-is-eligible/
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My son has £6.600 in a junior ISA which has now matured, can he transfer his directly into his help to by ISA ??0
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Lorraine1975 said:My son has £6.600 in a junior ISA which has now matured, can he transfer his directly into his help to by ISA ??0
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Also worth mentioning that the Junior ISA will have matured into an adult ISA now and he can only contribute into one Cash ISA each tax year.0
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