Help to buy isa

Jamiep198

I have a question where I cannot find the answer anywhere!

I opened a help to buy isa 2 years ago and unfortunately 3 months ago I had to withdraw all the money from the account for something else. Am I able to close it and reopen one to deposit the initial 1200 or would i have to keep the one I have and just start from scratch only putting 200 back into the account each month?

Hope this makes sense!

Alexland

Assuming the account is not closed you can continue to contribute at £200 per month. Or you could close it and start a new one in the new tax year that starts 6th April with a new initial deposit, etc.

Alternatively consider if the new Lifetime ISA from Skipton would better meet your needs by enabling £4k per tax year (which you could add this year if you are under your £20k per tax year ISA limit) for a bigger 25% bonus.