LISA - Monthly 25% Bonus Payments

Hi folks,

I have a few questions about the change from the lump sum 25% bonus at the end of the tax year, to the monthly payment of the bonus throughout the tax year.

If I paid in the maximum of £4000 on April 6th 2018, I would theoretically receive £83.33 as a bonus every month until April 2019 (£1000 bonus on the £4000).

My questions are...

1) If I paid in the full £4000 in June 2018, would the monthly contributions increase to £100 from June 2018 - April 2019, as I didn't pay in during the months of April or May 2018, but I should still receive the 25% bonus on the £4000 within the tax year?

2) Say I did put £4000 into the LISA in June 2018, then bought a house in October 2018 (LISA has been open longer than 12 months), would the maximum £1000 bonus still be paid, or because I am leaving the LISA before the end of the tax year, I would miss out on the remaining monthly bonuses?


Thanks in advance,
Adam