Help to buy ISA help!

ynnel1980

Hi

Apologies if this information is elsewhere, I have looked and am unable to find it.

Can someone please tell me how we can pay into the help to buy ISA quickly? I know Martin gives the example of February and March, but I would apppreciate some advice on how to get to the minimum required for the bonus.

If we open the ISA with £1200 tomorrow, how soon can we pay in the next £200. I know that it goes on a calander month so my understanding is that we couldn't pay in again until 12th September? Or have I got it wrong and we could pay the next £200 on the 1st September and then again on 1st October?

Thank you

eskbanker

Your question is answered at https://www.helptobuy.gov.uk/help-to-buy-isa/faq/:

Do I have to make the deposit at a certain time during the month?
Your monthly allowance is per calendar month. This means, for example, that if you open your account on 28 March, you will have until the end of 31 March to make any deposits up to the first month’s limit of £1,200. You can then deposit up to £200 any time between 1 April and 30 April and in all following months.

Strummer22

You could pay £200 on 1st Sept and £200 on 1st Oct. That's because Sept is the next calendar month - it doesn't go by an elapsed period of time from opening (eg. 30 days).