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  • FIRST POST
    • LauraSolihull
    • By LauraSolihull 16th May 19, 2:26 PM
    • 1Posts
    • 0Thanks
    LauraSolihull
    Closed my HTB ISA incorrectly
    • #1
    • 16th May 19, 2:26 PM
    Closed my HTB ISA incorrectly 16th May 19 at 2:26 PM
    I saved just over 6000 in my HTB ISA. When it came to proving how much money I had for a deposit, I moved it all into a savings account. Apparently, because I didn't close the account properly - I wasn't entitled to the bonus. Is this correct or are Lloyds being difficult?
Page 1
    • eskbanker
    • By eskbanker 16th May 19, 2:42 PM
    • 10,131 Posts
    • 12,234 Thanks
    eskbanker
    • #2
    • 16th May 19, 2:42 PM
    • #2
    • 16th May 19, 2:42 PM
    If you withdraw HTB money instead of invoking the proper account closure process then yes, it's correct that this loses the associated bonus rights, as per clause 6.9(A) of the scheme rules:
    If a Help to Buy: ISA Holder withdraws all of the funds in their Help to Buy: ISA otherwise than in a manner as described in clause 6.7 (Closing a Help to Buy: ISA Closing Documents), from that time onwards, the Help to Buy: ISA Holder shall not be entitled to claim a Bonus in respect of such funds.
    • 20SmthngSver
    • By 20SmthngSver 17th May 19, 8:47 AM
    • 125 Posts
    • 45 Thanks
    20SmthngSver
    • #3
    • 17th May 19, 8:47 AM
    • #3
    • 17th May 19, 8:47 AM
    When it came to proving how much of a deposit you had, why didn't you just get a mini statement printed from the counter?

    You don't need all your money in one account to prove how much deposit you have.
    .....
    2019 1st Quarter Home Deposit Savings saved: 35,000
    Pension saved: 9800
    ..
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