HELP to buy limit & LISA

KATIELL Forumite Posts: 3
Sixth Anniversary Combo Breaker First Post
My son has a help to buy ISA & has more than enough to qualify for the bonus, should he continue to save in the H2BISA or transfer the excess to a LISA & save in that? I know he can only claim one of the bonuses of either H2BISA or LISA, but want him to get the best out of his savings. (he's not looking to buy a house for 3 or 4 years) or should he transfer the excess & continue to  save in just a high interest savings account? 


  • eskbanker
    eskbanker Forumite Posts: 27,471
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KATIELL said:
    he's not looking to buy a house for 3 or 4 years which case, it would probably make sense to get all of the money, including the HTB, into a LISA, as he could have £16K in there (+£4K bonus) by April 2026 or £20K (+£5K) by April 2027 - he'd also be able to benefit from the higher property value cap with LISA (£450K v £250K, outside London).
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