Lifetime ISAs and Benefits

Gill1e

You don't have flexible access until you are over 60 or want to buy a home, so it will not prevent you getting JSA

masonic

Gill1e wrote: »

You don't have flexible access until you are over 60 or want to buy a home, so it will not prevent you getting JSA

Incorrect. You can access money in a LISA at any time, subject to a penalty, so it can affect means tested benefits if the balance is high enough.

Ed-1

masonic wrote: »

Incorrect. You can access money in a LISA at any time, subject to a penalty, so it can affect means tested benefits if the balance is high enough.

For the purposes of capital for benefits they value a LISA at the surrender value, i.e. minus the 25% charge.