When to stop putting money into LISA

pickledup

I have £10,000 in my LISA and intend my first property to be shared with my boyfriend who will also have £10,000. We are looking at £200,000 flat. Is there any point putting anymore money in my LISA as we already make up the £20,000 deposit? Worried I will end up with more money to put towards the flat and it won’t be equal

Emmia

If you don't want to pay into a LISA then it may be worth considering normal ISAs and other investments - but if you have more ability to save, then you will always have more whether it's in a LISA or other accounts.

kimwp

You could leave some on there for when you are 60, but I appreciate that might feel a long way away. You could also split ownership to reflect a difference in deposit or arrange that he pays more to the monthly payments to equal it out. 

If you are going long term with this man though, it's worth reading some of the threads on managing money as a couple - income may not be even through your time together, physical and mental ability to contribute in other ways may change, you should consider all the possibilities and discuss together how you will manage money and face different circumstances together.