Lifetime ISA question
Lifetime ISA question
Author
Discussion

IanG1

Original Poster:

229 posts

218 months

Thursday 17th March 2022
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My daughter is 18 this week and looking to start a lifetime ISA with a modest inheritance she received from her aunt.
If she starts one and invests the max £4k in this tax year will she get the £1K government bonus and then invests another £4K in the new tax year to maximise the bonus?

Any replies appreciated

MrBet

96 posts

219 months

Thursday 17th March 2022
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Yes, get £4k in before 5/4/2022 and then another £4k in after that. I used nutmeg for a stocks and shares lifetime ISA.

Make sure they familiarise themselves with the penalties for withdrawing other than to purchase a house or for retirement.

Matt99man

400 posts

296 months

Sunday 20th March 2022
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I’m just looking at setting up my first one before the tax year, why is there so little information/providers out there? It really seems like a no brainier to me.