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Help to Buy ISA
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Old 22-11-2019, 19:13   #1
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Exclamation 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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Old 22-11-2019, 19:46   #2
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Re: Help to Buy ISA

Yep, both of ours are doing it
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Old 22-11-2019, 20:09   #3
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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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Old 25-11-2019, 18:11   #4
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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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Old 25-11-2019, 23:47   #5
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Re: Help to Buy ISA

Quote:
Originally Posted by Mr K View Post
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
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Old 26-11-2019, 00:49   #6
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Re: Help to Buy ISA

Yep, my kids have opened one, just in case .........
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