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@.

    • Bethandrews2
    • By Bethandrews2 8th Feb 18, 6:47 PM
    • 1Posts
    • 0Thanks
    Lifetime ISA Government Bonus
    • #1
    • 8th Feb 18, 6:47 PM
    Lifetime ISA Government Bonus 8th Feb 18 at 6:47 PM

    I recently opened a Lifetime ISA on 11th January 2018 and deposited 1 so I will be able to use it towards buying my first home from 12th January 2019 on wards.
    I am planning on transferring my Help2Buy ISA balance of 4000 into my LISA Before April 4th so that i will get the maximum bonus of 1000 for the 2017/2018 tax year. I have read on the 'Lifetime ISAs' blog posted by martin that...

    'The first year's bonus is added to your account in April/May 2018, it's then paid monthly (assuming you've contributed that month)'

    So, by 12th January 2019 I will be eligible to use my lifetime ISA towards my first home because it will have been open for 12 months. Between April 6th 2018 and January 12th 2019, if I put the maximum contribution of 4000 into the Lifetime ISA, will I get the full bonus of 1000 on that as bonuses are paid monthly after the first year? or will i only get the bonus at the end of the 2018/2019 tax year?

Page 1
    • Ashers92
    • By Ashers92 8th Feb 18, 7:20 PM
    • 84 Posts
    • 159 Thanks
    • #2
    • 8th Feb 18, 7:20 PM
    • #2
    • 8th Feb 18, 7:20 PM
    Correct, yes.

    You could pay in the full 4000 on April 6th, and receive the full 1000 bonus in the following month.
    #157 - Save 12k in 2016: 12000 / 12000
    House deposit saving mode active: 21690 / 40000
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

3,620Posts Today

4,514Users online

Martin's Twitter