Lifetime isa period 31 January 2019 at 12:08PM in ISAs & tax-free savings 1 reply 403 views

JJBROWN92

Hi all,

I opened a Lifetime ISA last week and dropped 4k in.

1. Will i earn the 1k Gov bonus this Tax year i.e. in the next two months?
2. When the tax year resets, am i able to drop another 4k in there or does it work a calendar year after you open the account?

Thanks

ryannnking

Yes, you will earn the £1k government bonus.

Yes, you are able to drop another £4k in, in the next tax year, and receive the £1k government bonus for that tax year too.

Ryan