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Post by gravitykillz on Dec 17, 2019 23:05:38 GMT
Was just wondering if anyone knows the answer. Do I need to pay into my lifetime isa every tax year to get the bonus ?
Or can I just pay a one off 4k in one tax year then get the maximum bonus every year until 50 ?
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Post by Ace on Dec 18, 2019 0:42:57 GMT
Was just wondering if anyone knows the answer. Do I need to pay into my lifetime isa every tax year to get the bonus ? Or can I just pay a one off 4k in one tax year then get the maximum bonus every year until 50 ? Nice try gravity, that would be amazing, but no. The bonus is only paid on new contributions that year. Obviously the contributions and bonus will both earn compound investment returns tax free on top.
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Post by gravitykillz on Dec 18, 2019 9:35:11 GMT
Was just wondering if anyone knows the answer. Do I need to pay into my lifetime isa every tax year to get the bonus ? Or can I just pay a one off 4k in one tax year then get the maximum bonus every year until 50 ? Nice try gravity, that would be amazing, but no. The bonus is only paid on new contributions that year. Obviously the contributions and bonus will both earn compound investment returns tax free on top. Thanks Ace.
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