We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Does £12,000 H2B limit include interest?
Options

gettingthehangofthis
Posts: 121 Forumite

Hello MSE-ers,
I have a Halifax H2B ISA (opened way back when first on offer) and its balance is almost at £12k. The rules state that to get the max govt £3000 bonus you need to save £12,000.
My question is, does the maximum of £12k include any interest it has earned, or does it have to be only money that I have deposited (and therefore the balance will be over £12k including interest)?
Thanks so much in advance :-)
I have a Halifax H2B ISA (opened way back when first on offer) and its balance is almost at £12k. The rules state that to get the max govt £3000 bonus you need to save £12,000.
My question is, does the maximum of £12k include any interest it has earned, or does it have to be only money that I have deposited (and therefore the balance will be over £12k including interest)?
Thanks so much in advance :-)
0
Comments
-
Clause 7.4(B) of the scheme rules actually states that:A Help to Buy: ISA Holder shall be entitled to a Bonus, in respect of their closed Help to Buy: ISA, of 25% of the Closing Balance of that Help to Buy: ISA,and goes on to clarify:a maximum Bonus of £3,000 (meaning that the amount by which the Closing Balance of a Help to Buy: ISA exceeds £12,000 shall not be eligible for a Bonus)so it's the balance (i.e. including interest) rather than the total of deposits that's measured.1
-
Thank you so much :-D0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards