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LISA Bonus Timing
beatthebookienet
Posts: 45 Forumite
I'm currently buying a house with my Lifetime ISA.
If I pay another £4k into my LISA after April 6th then I would be due the £1k around the end of May.
If the house sale completes and I use up my whole LISA balance before the end of May, would I still get the £1k bonus in my account at the end of May?
If this is the case then I could withdraw with 25% fee, £750 is still better than nothing
If I pay another £4k into my LISA after April 6th then I would be due the £1k around the end of May.
If the house sale completes and I use up my whole LISA balance before the end of May, would I still get the £1k bonus in my account at the end of May?
If this is the case then I could withdraw with 25% fee, £750 is still better than nothing
0
Comments
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Yes you would still get the £1k bonus.
If you receive the bonus after you house purchase completes then like you say you can either pay the withdrawal penalty, or keep until you are 60.1
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