Help to buy ISA transfer warning – you may not be able to move all your money in one go

Help to buy ISA transfer warning – you may not be able to move all your money in one go

Under help to buy, the maximum bonus that can be awarded is £3,000, regardless of how much money is saved within the account.

In a LISA, the maximum that can be gained is £32,000 (assuming full utilisation of the account.)

LISAs also have their bonuses applied monthly whereas for Help to Buy ISAs the bonus is only given when buying the home.

On top of this, LISAs can provide a bonus for retirement savings if the holder does not wish to use it for a house.

Published at Tue, 23 Jun 2020 10:51:00 +0000