22-11-2019, 18:13
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#1
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,133
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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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22-11-2019, 18:46
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#2
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[NTHW] pc clan
Join Date: Jun 2003
Location: Tonbridge
Age: 56
Services: Amazon Prime Video & Netflix. Deregistered from my TV licence.
Posts: 21,950
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Re: Help to Buy ISA
Yep, both of ours are doing it
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22-11-2019, 19:09
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#3
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,739
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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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To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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25-11-2019, 17:11
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#4
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,221
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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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25-11-2019, 22:47
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#5
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cf.mega poster
Join Date: Jul 2004
Location: Winnersh UK
Services: LL Phone, TiVo, M+ VM mobile, BBand 150M tier Superhub, TIVO 500 M+
Posts: 2,114
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Re: Help to Buy ISA
Quote:
Originally Posted by Mr K
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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I assume that have been watching the Martin Lewis money Show
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25-11-2019, 23:49
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#6
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (330 Mbps)
Posts: 27,714
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Re: Help to Buy ISA
Yep, my kids have opened one, just in case .........
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