Curious question on government bonus on LISA
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I'm struggling to find any clarity on this and hopefully someone can either confirm or shoot me straight down.
I'm planning on buying my first home with partner next year and want to get as much help as we can..so we are opening a cash LISA each.
Now..say I open a LISA today (which is currently the the 20/21 tax year) chuck a lump 4k in then get the 25% bonus 1000 - then when the next tax year starts in April next year, chuck in another 4k for another 1000 bonus. Then when the LISA has been open for 12 months next July we can put it into a deposit.
As I understand it states the bonus is paid each tax year so that's made me a bit curious if this could be done.