Lifetime ISAs

What's the maximum bonus that a LISA customer can receive in their lifetime?

• £1,000

• £26,000

• £32,000

• Unlimited

What is the penalty for withdrawing from a LISA for any reason other than house purchase or retirement?

(a)  

What's the maximum purchase price that a LISA can be used towards?

• £300,000

• £350,000

• £400,000

• £450,000

What's the maximum age that a customer can open a Lifetime ISA?

(a)  

How does the customer initiate a LISA House Purchase withdrawal?

• First Time Purchaser Form

• Investor and Conveyancer Declarations

• Investor and Seller Declarations

• Secure Message containing the bank details and withdrawal amount

Mr Stevens pays £2,000 into his LISA, how much bonus will he receive?

(a)  

Mr Stevens paid the £2,000 in on the 8th March. When will we report this to the HMRC?

(a)  

Mr Stevens paid the £2,000 in on the 8th March. What is the latest date his bonus be paid?

(a)  

A customer must have their Lifetime ISA open for how long before they use it towards their house purchase?

• 1 month

• 12 months

• 3 Years

• 5 Years

How long before completion do we require the declarations to be received, for us to guarantee the funds are released on time?

(a)