Tembo LISA allowance not updating to new tax year

Oasis1

The Tembo (previously Nude) app is saying I've used up my £4,000 allowance for this financial year, that it will renew on 6 April 2025 and I can't make a contribution. But it's wrong as I haven't contributed anything this financial year (aka since 6 April 2024) but I want to!

Anyone else getting the same error?

WillPS

Either it's a bug or it's because they need to receive the HMRC deposits before they can reset the allowances. Either way, ask 'em and let us know.

In the meantime, save the money elsewhere. Better rates than 4.35% can be had quite easily, for that reason my wife and I tend to save up our annual deposits elsewhere then transfer in at the end of the tax year. Our LISAs are with Moneybox for now but will be moved over to Tembo this summer.