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Help to Buy ISA
If you've got any young potential first time buyers in your household, make sure they open a Help to Buy ISA by the end of this month, even if its only with £1. The Govt. are closing them the new applicants. Basically they'll give them 25% on top of anything they save when they buy a house. So save £12k (the max allowed) and they'll add £3k. Won't buy a house but worth having.
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Re: Help to Buy ISA
Yep, both of ours are doing it :)
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Re: Help to Buy ISA
My youngest just used his to help buy a house,not as straightforward as it sounds but worth doing.
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Re: Help to Buy ISA
There is also the Lifetime ISA which will continue (for now). Sameish idea but you can save unto 4k a year with a 1k bonus and if you don't buy a house you can access it tax free after 60.
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Re: Help to Buy ISA
Quote:
I assume that have been watching the Martin Lewis money Show |
Re: Help to Buy ISA
Yep, my kids have opened one, just in case .........
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