Lifetime ISA used more than once

adhodges94

Hi,
I have recently used funds from my lifetime ISA to purchase my first property. As part of this I received the 25% government bonus.
The account still remains open and has some money left in it.

My question is, now that I have withdrawn for one of the claimable reasons ie. First house purchase, can I continue put money into this and will I continue to receive the related bonus and then could I withdraw this money without recieving a penalty to use for the second claimable reason which is as a retirement fund.

Essentially can you use the purpose of a lifetime ISA more than once or is it either first house OR retirement?

I can't seem to find info on this anywhere

Thanks in advance

badger09

adhodges94 said:

Hi,
I have recently used funds from my lifetime ISA to purchase my first property. As part of this I received the 25% government bonus.
The account still remains open and has some money left in it.

My question is, now that I have withdrawn for one of the claimable reasons ie. First house purchase, can I continue put money into this and will I continue to receive the related bonus and then could I withdraw this money without recieving a penalty to use for the second claimable reason which is as a retirement fund.

Essentially can you use the purpose of a lifetime ISA more than once or is it either first house OR retirement?

I can't seem to find info on this anywhere

Thanks in advance

Yes you can. 

You might like to consider transferring it to a S&S LISA, rather than a CASH LISA if it’s going to be held until you retire.