Is the Government LISA contribution part of £20k ISA limit?
Discussion
Apologies if this has been asked here before (possibly many times), but searching and Googling more generally didn't bring up an absolutely definitive answer.
Both my wife and I are looking to use our full ISA allowances this tax year. Both of us have S&S LISAs and have added the maximum £4000, so have received the £1000 bonus from the Government. Does that mean that our remaining ISA allowance is £15k or does the Government contribution not count to the £20k limit, so we'd be able to add £16k to our S&S ISAs?
The second example on this page: https://www.gov.uk/individual-savings-accounts/how... seems to indicate that the you can invest £20k across ISA/LISA and that the Government contribution would not count as part of that £20k allowance.
Both my wife and I are looking to use our full ISA allowances this tax year. Both of us have S&S LISAs and have added the maximum £4000, so have received the £1000 bonus from the Government. Does that mean that our remaining ISA allowance is £15k or does the Government contribution not count to the £20k limit, so we'd be able to add £16k to our S&S ISAs?
The second example on this page: https://www.gov.uk/individual-savings-accounts/how... seems to indicate that the you can invest £20k across ISA/LISA and that the Government contribution would not count as part of that £20k allowance.
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