Lifetime ISA maximum savings

brj1294

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?

masonic

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.

brj1294

Brilliant, thank you for clearing that up for me.