Moneybox App Guide - Market Leading LISA and Cash ISA

[Adzsupply]

Please could you do 2 videos? 1 on the S&S Lisa Vs Cash Lisa and 1 on what stocks to allocate funds into within the S&S Lisa

[ayokunlejinmi]

Hi Alex - thank you for this video - excellently presented :). Would I be better off getting a cash ISA or cash LISA if I want to save for a new house within the next 5 years?

[liambarnes]

Subbed! Does a transfer from an existing ISA to a LISA count towards the £4k limit on contributions?

[paulyoull]

Hi Alex, great explanation of the ISA. I have just started my first one with Moneybox at 5.16% which includes 0.9% initial bonus for 12 months. In 12 months time this is unlikely to be the best rate available so would you suggest transferring to another provider with a better return? Thanks

[laurawilkins]

I've just opened the stocks and shares LISA. Already have a mortgage so it's with the view of taking the money out when i'm 60 (i'm 35). I'm new to investing. Does it mean that if i was to open a stocks and shares account in another tax year that I then couldn't contribute to the Moneybox S&S account (in that same tax year) and therefore wouldnt get the government bonus? Thanks!

[itsizzylegendy]

Hi Alex, I want to save up £7, 000 by the end of this year and I am currently saving 850 monthly. I am doing this for a business investment I am interested in and need some money to start it up. What do you suggest I do ?

[maxescano]

Hey mate, planning to buy a house next year. When does the £1000 bonus come in for the LISA? For example if I put in a lump sum of £4000 this month (July)... do I get the bonus next month (August)? Or do I have to wait until April again next year for the new tax year.

[Norm.]

Hi Alex I am looking to open a cash isa for extra saving for house on top of my lisa I might need to withdraw the money within a year for the house will that come with any penalties if I withdraw it all within the year for interest ?

[haribostripe]

If you ain’t used the 3 withdrawals will it compound the next year Abz I get 6 withdraws or does it reset to 3?

[PTRK]

I’m debating saving money each month and putting it in a high interest savings account, then at the end of the year dumping the £4k I’ve saved into the Lisa before the new tax year starts. Do you think that’s a good idea or am I overthinking it for a realistically tiny payoff 🤣

[Molesey_]

Do you still get the 25% gov bonus with stocks and shares Lisa?

[romelleabolencia]

Hi Alex, I already have finished 1 year paying my ISA and had the additional 1, ooo pounds. Limit of 4, ooo pounds, per year but i still want to continue to pay for it saving up for house deposit. Can I still continue to pay or should need to open a new LISA account?

[suresh]

Just opened a nationwide isa at 5% in November 2023 .Can I open a Moneybox ISA April 7 and maybe get 5.09% ?

[makuochiijeh]

Can one have multiple isa accounts eg cash isa and lisa at the same time

[THE_Nurse_Chemist]

How much do you get monthly on your deposit for cash ISA monthly?

[zinabstar]

Is the 25% bonus a one off bonus or can you get up to £1000 bonus per tax year? I.e a £1000 in one tax year then £1000 in the next so long as you put in £4000 every tax year

[syedrahat]

My partner owns an apartment & we jointly want to buy a home for us. I am first time buyer but we jointly want to buy home less than

I can use my life time cash ISA balance to buy home in such condition?

Thanks

[calli]

Just opened a Lisa with money box and put the max 4k in to get the 1k question is if I go then put another 4k in after the new tax year (April) will I get another 1k or is it just once per calendar year thanks