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  • FIRST POST
    • Tjeddy
    • By Tjeddy 8th Feb 18, 11:20 AM
    • 1Posts
    • 0Thanks
    Tjeddy
    LISA Bonus
    • #1
    • 8th Feb 18, 11:20 AM
    LISA Bonus 8th Feb 18 at 11:20 AM
    My son has a HTB ISA, started when the first came, present bal around 6650. Balance at April 2017 4488. Opened a LISA with Skipton when first started in June 2017 with 1. Planning to transfer HTB to LISA before 5th April 2018, so contributions at 5/4/17 don't form part of 2017/18 allowance. This leaves 2160 approx as part of 2017/18 allowance. If I add around 1800 to make up the 4000 allowance for 2017/18 before 5/4/18, and then add another 4000 for 2018/19 allowance after 6th April 2018, when the LISA is a year old in June 2018, and drawn down for house purchase after June 2018, will he qualify for bonus on full 12400? (4488 + 4000 + 4000)
Page 1
    • eskbanker
    • By eskbanker 8th Feb 18, 12:26 PM
    • 6,822 Posts
    • 7,074 Thanks
    eskbanker
    • #2
    • 8th Feb 18, 12:26 PM
    • #2
    • 8th Feb 18, 12:26 PM
    In a word, yes!
    • Owen1991
    • By Owen1991 8th Feb 18, 3:26 PM
    • 42 Posts
    • 73 Thanks
    Owen1991
    • #3
    • 8th Feb 18, 3:26 PM
    • #3
    • 8th Feb 18, 3:26 PM
    yes, the bonus will be paid in by the end of April/mid May 2018, not when you go to draw it out.
    12k in 2018 - 2200/12000 ~ #101 | Sealed Pot Challenge 2018 ~ #44
    7000 in Lifetime ISA | 8000 in Savings - End of 2017
    • eskbanker
    • By eskbanker 8th Feb 18, 7:16 PM
    • 6,822 Posts
    • 7,074 Thanks
    eskbanker
    • #4
    • 8th Feb 18, 7:16 PM
    • #4
    • 8th Feb 18, 7:16 PM
    yes, the bonus will be paid in by the end of April/mid May 2018, not when you go to draw it out.
    Originally posted by Owen1991
    Agreed for the bonus relating to 2017/18, but the bonus for the 2018/19 contribution made early in the new tax year will be a month later than that (within 28 days of 5 May)....
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