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Lifetime ISA

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  • Lifetime ISA

    Evening all,

    Not sure if this is the right section but hey-ho.

    Basically, I want to take advantage of the 25% bonus from the Government on the Lifetime ISA and start building a pot of money for when I qualify (Summer 2021) and get a job to put towards my first property. I'm wondering if anyone here has any experience with this product, and whether the fact that once I start receiving a tax-free income that changes anything? From what I understand, anything I put in there now would be fine, and I could use that towards my deposit... but not really sure how the whole tax-free status would impact me.


  • #2
    The annual ISA allowance is unaffected by our TAX status as seafarers.
    “Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines, sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”

    – Mark Twain
    myBlog | @alistairuk | flickr | youtube Views and opinions expressed are those of myself and not representative of any employer or other associated party.


    • #3
      Much obliged, thanks Alistair.


      • #4
        I’ve recently transferred my help to buy ISA from barclays into a lifetime ISA with Skipton. I’ve been tax free for many years and never been impacted with my ISAs