Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • Bark01
    • By Bark01 7th Oct 17, 3:57 PM
    • 772Posts
    • 244Thanks
    Is the LISA bonus pro-rata?
    • #1
    • 7th Oct 17, 3:57 PM
    Is the LISA bonus pro-rata? 7th Oct 17 at 3:57 PM

    quick question I've got 8k in a LISA that i opened in April (merged a H2B ISA, hence the higher amount). I only just finished putting in this years allowance this month.

    If I buy a house on the 1st April 2018 do I get the full bonus of 2k or is what I put in this year subject to a pro-rata?

    Following on from that if I put in next years 4k allowance on the 1st of April '18 (taking me up to 12k) and then by a house on the 2nd of April would i get 3k as a bonus?

    Last edited by Bark01; 07-10-2017 at 4:14 PM. Reason: typo
Page 1
    • greenglide
    • By greenglide 7th Oct 17, 4:16 PM
    • 3,104 Posts
    • 2,020 Thanks
    • #2
    • 7th Oct 17, 4:16 PM
    • #2
    • 7th Oct 17, 4:16 PM
    The purchase would have to be on 6th April or later. Also you would need to have opened the LISA on 6th April 2017 to achieve this - the LISA must have been open for at least a year.

    If you have paid 4,000 new money into the LISA this tax year and you have transferred (say) 4,100 in from a HTB ISA then you will get 2,025 bonus in April ( (4000 + 4200) / 4).

    If you did buy a property on 6th April 2018 it may be "interesting" actually getting the bonus from the government!
    • Bark01
    • By Bark01 7th Oct 17, 4:41 PM
    • 772 Posts
    • 244 Thanks
    • #3
    • 7th Oct 17, 4:41 PM
    • #3
    • 7th Oct 17, 4:41 PM
    My dates were a bit fanciful...

    Think I opened my LISA within the first few weeks and very unlikely I'd be buying on the day after it matured but my thought process seems fine!

Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

143Posts Today

1,878Users online

Martin's Twitter