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Lifetime ISA maximum savings
brj1294
Posts: 6 Forumite
Hello,
I'm just looking for some clarity on the LISA maximum savings. I understand that you can save a maximum of £4000 "per year", but does this mean every 12 months or every tax year?
I.e., would I be able to put £4000 into a LISA in February 2020 and then another £4000 in May 2020, with the new tax year starting in April?
I'm just looking for some clarity on the LISA maximum savings. I understand that you can save a maximum of £4000 "per year", but does this mean every 12 months or every tax year?
I.e., would I be able to put £4000 into a LISA in February 2020 and then another £4000 in May 2020, with the new tax year starting in April?
0
Comments
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It means every tax year, so you can pay in £4k on 5th April and another £4k on 6th April if you are very brave, but perhaps not in 2020 when 5th April falls on a Sunday.0
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Brilliant, thank you for clearing that up for me.0
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