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  • FIRST POST
    • mcddrums
    • By mcddrums 13th Jan 18, 4:13 PM
    • 6Posts
    • 0Thanks
    mcddrums
    1st year (2017/28) HTB/LISA max bonus available?
    • #1
    • 13th Jan 18, 4:13 PM
    1st year (2017/28) HTB/LISA max bonus available? 13th Jan 18 at 4:13 PM
    Hi everyone,

    I want to run this past you to see if my thinking is correct...

    I have a HTB ISA which has 4k in it and I have transferred this over to my LISA during the first year where it won't affect the max limit I'm allowed to put in.

    I understand that when I transfered my HTB ISA the previous bonus earned would still be earned on the HTB amount transferred. So this would be 1000 banked.

    With the Lisa I get the same 25% bonus. The maximum I can earn from a LISA in a year is 1000 on the 4000 I invest.

    At the moment I'm unlikely to fill the separate LISA allowance of 4k as I've not been paying in enough to hit the 4k. However, I do have finds available which I could move over (as we can put in a lump sum). If I transferred enough to hit the 4k before the end of the tax year would I then earn 1k on that as well?

    So effectively. Would this then mean that I could earn 2k - eg a 25% bonus carried in from the original HTB ISA, and then the LISA Bonus is treated separately, so another 1k for this year from that too?

    Thanks very much
    Last edited by mcddrums; 13-01-2018 at 4:15 PM. Reason: Spelling
Page 1
    • eskbanker
    • By eskbanker 13th Jan 18, 6:51 PM
    • 7,446 Posts
    • 8,025 Thanks
    eskbanker
    • #2
    • 13th Jan 18, 6:51 PM
    • #2
    • 13th Jan 18, 6:51 PM
    Yes, the 25% LISA bonus is applied to all qualifying contributions, whether from a HTB transfer or paid in as new money, so if you transferred 4K in from HTB contributions prior to 2017/18 and then another 4K of new money during this tax year then you'll receive a 2K bonus in late April or early May 2018.

    You can of course then pay another 4K in anytime from 6 April 2018 and get another 1K bonus between one and two months later....
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