Hey, I was wondering about what you said at 4.27 in this video. You said you can get up to £2000 for leaving your money sitting in this ISA. Based on the assumption that I'm doing this alone (so just 1 of me) does that mean if I put £4000 into the cash lifetime ISA before the end of the tax year (5th April) I'll get £1000 for that tax year and every other tax year for as long as I keep my money in the ISA?
Exactly. Assuming you are putting in £4000, you will get 25% of that amount which is £1000 for that year. £20,000 is the overall ISA limit for 2020/21.
Hey, I was wondering about what you said at 4.27 in this video. You said you can get up to £2000 for leaving your money sitting in this ISA. Based on the assumption that I'm doing this alone (so just 1 of me) does that mean if I put £4000 into the cash lifetime ISA before the end of the tax year (5th April) I'll get £1000 for that tax year and every other tax year for as long as I keep my money in the ISA?
Exactly. Assuming you are putting in £4000, you will get 25% of that amount which is £1000 for that year. £20,000 is the overall ISA limit for 2020/21.
I am now confused 😕 and yet the video seemed straight forward #thevillageinme...lol