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Should I use Lifetime ISA to save for my young child long term?

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Comments

  • Facknats
    Facknats Posts: 64 Forumite
    10 Posts First Anniversary I've been Money Tipped!
    How are people planning to gift the LISA sum? I would have thought that this would turn out to be problematic firstly, when you would have to complete the house sale for your adult child, as your firsr ever house buy or the names don't match up. And the other option would be withdrawal with no bonus..

    Am I missing something?
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    You can withdraw from a LISA at 60 with accumulated bonuses without needing to buy a property.
  • Facknats
    Facknats Posts: 64 Forumite
    10 Posts First Anniversary I've been Money Tipped!
    Ahhh :) I see. Thanks!
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