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    • saintralph
    • By saintralph 9th Apr 18, 5:03 PM
    • 2Posts
    • 0Thanks
    saintralph
    bonus on transferred Help to Buy ISA
    • #1
    • 9th Apr 18, 5:03 PM
    bonus on transferred Help to Buy ISA 9th Apr 18 at 5:03 PM
    I have paid into a Help to Buy ISA in both 2016/17 and 2017/18. For which the 25% government bonus would be payable when I purchase a house.
    But I have at the end of 2017/18 transferred my HTB ISA into a Skipton LISA, for which (if I'm reading it right) I will get paid in May 2018 a bonus of 25% of contributions made in 2017/18 (rather than at house buying time).
    So how do I get the bonus for my HTB contributions made in 2016/17, if the HTB ISA is no longer current?
Page 1
    • Ed-1
    • By Ed-1 9th Apr 18, 6:41 PM
    • 2,351 Posts
    • 1,233 Thanks
    Ed-1
    • #2
    • 9th Apr 18, 6:41 PM
    • #2
    • 9th Apr 18, 6:41 PM
    I have paid into a Help to Buy ISA in both 2016/17 and 2017/18. For which the 25% government bonus would be payable when I purchase a house.
    But I have at the end of 2017/18 transferred my HTB ISA into a Skipton LISA, for which (if I'm reading it right) I will get paid in May 2018 a bonus of 25% of contributions made in 2017/18 (rather than at house buying time).
    So how do I get the bonus for my HTB contributions made in 2016/17, if the HTB ISA is no longer current?
    Originally posted by saintralph
    You'll get a bonus on everything paid into the LISA.
    • saintralph
    • By saintralph 9th Apr 18, 8:13 PM
    • 2 Posts
    • 0 Thanks
    saintralph
    • #3
    • 9th Apr 18, 8:13 PM
    • #3
    • 9th Apr 18, 8:13 PM
    You'll get a bonus on everything paid into the LISA.
    Originally posted by Ed-1
    Thanks for the all-encompassing, prompt response!

    Just for clarity, the LISA bonus would include in its calculations all my contributions and interest paid in on last year's HTB ISA which I have transferred in, as well as the money paid in this tax year?

    If so, is that a one-off paid in May 2018?
    • Alexland
    • By Alexland 9th Apr 18, 8:22 PM
    • 3,122 Posts
    • 2,460 Thanks
    Alexland
    • #4
    • 9th Apr 18, 8:22 PM
    • #4
    • 9th Apr 18, 8:22 PM
    Yes the first bonus will cover the HTB ISA balance at 5th April 2017 plus the contributions (including any interest earned in the HTB ISA) in relation to tax year ending 5th April 2018. So basically a bonus on everything except any interest earned in the LISA.
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