LISA rules on house completion
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
7 replies 2.4K views
Hi, I have a LISA I am using to purchase my house. I paid in my 2018/19 allowance about 6 weeks ago but have been told by Skipton the bonus will not be paid into my account until the end of June at the earliest. However I am due to complete on 29 June, and Skipton have said if the bonus is not in the account at that date then if I withdraw the bonus when it is in the account in early July I will incur the 25% penalty. This seems unfair as I am being penalised only because of the delay in paying the bonus. Is their interpretation of the rules correct?
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