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  1. 11 de jan. de 2018 · I opened a LISA as soon as it became available and transferred all of my H2B money into the account. However, during the last few months, it had become quite likely that I am going to inherit a property from my mother before I can use the money savid in the LISA.

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  3. 27 de set. de 2021 · The LISA withdrawal penalties were temporarily reduced from 25% to 20% during 2020/21, but not removed altogether. They've always been a published feature of the product, in that if you don't use the product for your first property purchase, you can either withdraw (accepting penalties) or keep the money in a LISA until you reach 60.

  4. 9 de mar. de 2021 · I have around a 15% deposit of which c17.5k is made up of a Lifetime ISA. I have only just realised that the Lifetime ISA cannot be used on a property greater than £450,000. This means I would need to withdraw the money from the LISA at a 20% or 25% charge (dependent on if the withdrawal is made before or after 6th April).

  5. 3 de dez. de 2020 · I'm in the same situation as well except I've hit another road block. I returned my LISA declaration to my solicitor when I initially instructed them several months ago. Now Skipton have rejected my withdrawal request because the LISA declaration documents are dated over 2 months ago.

  6. 25 de jan. de 2017 · So if this is a major concern then don't use the LISA at all. However, remember that the potential bonus (25%) is much bigger than the potential penalty. It is a lot to give up "just in case". So reasses in March 2018 and decide: - whether to move your HTB into a cash LISA product and max it out for that tax year, or ;

  7. 8 de fev. de 2021 · I think you can make more than one withdrawal towards the same property. Just check with your LISA provider on how to go about it, they are usually quite helpful. On your question about using bonus element, there's no separation of funds as such between your own savings and the bonus - it all counts as one lumpsum.

  8. 12 de jun. de 2019 · I am currently saving in a LISA account for my mortgage but I am due to change from WTC/CTC to universal credit in the nearish future. Under universal credit you are exempt from claiming if you have saving above £16,000. As the Lisa has a withdraw penalty of 25% I am confused as to what the limit really is.

  9. 7 de set. de 2016 · You should be able to keep the LISA if you move abroad, but you wouldn't be able to continue contributing to it if you cease to be UK resident. It is a long term savings/investment product, so you won't be able to withdraw the money penalty free before the age of 60, with the exception of if you use the money to purchase a UK property as a first time buyer.

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