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LISA Bonus
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daz3901
Posts: 3 Newbie
Planning to put 4k on opening a LISA. This will achieve the 25% bonus in the first year. Question is, do you need to put 4k in every year to get the maximum bonus?
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If you don't put anything else in what other bonus do you expect to get 🤔daz3901 said:Planning to put 4k on opening a LISA. This will achieve the 25% bonus in the first year. Question is, do you need to put 4k in every year to get the maximum bonus?0 -
Yes, you will get the £1000 bonus if you put in £4000 this year.
Some info here on the Moneybox LISA. Other providers may work differently.
https://www.moneyboxapp.com/faqs/when-are-lisa-bonuses-paid-out/
The bonus is 25% of any new money you add each tax year and the maximum you can add each year is £4000.
More info here :
https://www.moneysavingexpert.com/savings/lifetime-isas/0
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