Thousands of Lifetime ISA bonus payments delayed after HMRC technical error

MSE_Emily

Thousands of Lifetime ISA savers have had their 25% bonus payments delayed by over a week after a HMRC "technical error". It means some first-time buyers looking to purchase a home before the stamp duty holiday ends this month could be left as much as £1,000 out of pocket, MoneySavingExpert.com can reveal...

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'Thousands of Lifetime ISA bonus payments delayed ahead of stamp duty deadline after HMRC technical error'

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eskbanker

MSE_Emily said:

It means some first-time buyers looking to purchase a home before the stamp duty holiday ends this month could be left as much as £1,000 out of pocket

Credit to Moneybox for being proactive and stepping in for their customers who'd be affected:

If your payment is missing, you need to contact your LISA provider. Moneybox, for example, told us at the time of publication that it's still waiting for the cash from HMRC to arrive (we've put this to HMRC and will update this story when we hear back). However, it adds that it's contacted all affected customers and has offered to pay bonuses from its own funds on a case-by-case basis if they're needed for urgent house purchases.