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Mr K 22-11-2019 18:13

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.

Ramrod 22-11-2019 18:46

Re: Help to Buy ISA
 
Yep, both of ours are doing it :)

papa smurf 22-11-2019 19:09

Re: Help to Buy ISA
 
My youngest just used his to help buy a house,not as straightforward as it sounds but worth doing.

Damien 25-11-2019 17:11

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.

Ken W 25-11-2019 22:47

Re: Help to Buy ISA
 
Quote:

Originally Posted by Mr K (Post 36017990)
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.


I assume that have been watching the Martin Lewis money Show

Paul 25-11-2019 23:49

Re: Help to Buy ISA
 
Yep, my kids have opened one, just in case .........


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