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Suchergebnisse
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3. Dez. 2020 · LISA - release of funds close to completion date. Hi all, My partner and I are in the process of purchasing a house. Our offer was accepted back in July, so it's safe to say it's taken a while. We've finally got to the point where the chain (of 4 people) is agreeing a completion date - next Friday 11th December.
13. Mai 2020 · One rule is that you can't use the money for a LISA for a house purchase for 12 months from the date of opening without penalties applying. Another rule is that you can invest up to £4000 per tax year and you can get up to £1000 bonus per tax year. That means if you open an account in March you can pay in £4000 on 10th March and £4000 on ...
20. Apr. 2017 · So far I have read an awful lot of negativity on the LISA so am now in two minds whether to opt for it. Current situation is as follows: - £5k S&S isa. - £56k cash savings. - £146k mortgage (joint with partner) - employer pension which I contribute in the max (salary sacrifice), as do they @ 8% and 16% respectively. - no private pension.
7. März 2024 · 7 March at 6:14PM in Pensions, annuities & retirement planning. Thanks to this forum, I decided to transfer my cash LISA (for retirement not house purchase) to a S&S LISA with AJ Bell. The transfer has gone through and now the money is sitting in cash and apparently I need to select an investment from a frankly mind-boggling choice.
25. März 2022 · Depends when you need the money and what for. Nothing wrong (and quite sensible IMHO) to continue with £4k in LISA and £16k in S&S ISA each tax year. Remember you can always access the LISA money before 60 by paying the penalty, hopefully you would have had some decent returns up until that date (if you do withdraw early) so should be manageable.
24. März 2023 · LISA for an over 40. CompulsiveSaver Posts: 75Forumite. 24 March 2023 at 6:54AM in ISAs & tax-free savings. Hi, I was one of those who was under 40 when LISAs were released (so opened one with the princely sum of £1.00 while I had the opportunity), but time passed and now over 40! When they started very few were competitive, most did not allow ...
14. Feb. 2018 · in a LISA: you put in £100 (from your salary after tax), and £25 bonus is added to that, then you get x% growth, and you take out the whole £125 (+ x% growth), tax-free. in a pension: if you're prepared to give up £100 of after-tax salary), then you can give up £147.06 of pre-tax salary (because 20% income tax + 12% employee NI on £147.06 comes to £47.06).
9. Juli 2017 · You will lose the contributions your employer would otherwise pay into that scheme. Your current or future entitlement to means tested benefits could be affected. " Now I have two interpretations of this sentence and two bullet points: i) You can have both a LISA and a workplace pension and that the quoted sentence is simply saying that a LISA ...
2. Juni 2022 · Thanks. Posts: Just to provide clarity for future readers of this thread, using a LISA in combination with a private mortgage was fine before 6th April 2024, but the regulations have now been amended by. providing that a first-time residential purchase will not qualify as a withdrawal from a Lifetime ISA if the purchase is funded by a loan from ...
29. Aug. 2022 · 29 August 2022 at 5:34PM edited 29 August 2022 at 5:35PM. You would both transfer to your son's current account. He would then add it to his LISA from his account. Then repeat in the new tax year in April and then again the following April to get the full £12k in as soon as possible. masonic Posts: 24,364 Forumite.
