Can I have a Help to Buy ISA and a Lifetime ISA?

A Lifetime ISA allows people to save up to £4,000 per year until they reach the age of 50.

Up to £4,000 in savings, the Government will add a 25 percent bonus, to a maximum of £1,000 per tax year.

People can withdraw their Lifetime ISA when they buy their first home, if they are aged 60 or over or are terminally ill with less than 12 months to live.

For any other reason, withdrawals from a LISA usually come with a penalty charge.


READ  Older millennials don't have as much wealth as their parents did at the same age, but they're catching up


Please enter your comment!
Please enter your name here