Martin Lewis – are Lifetime ISAs right for you?

[TwasYourMother]

Love these videos - explains everything so well in an easy to understand format!

[Malik-ewoc]

Thank you Martin - Your channel is really helpful.

[abiabinesh]

Hi, Nice video. I have a question. Can I invest in three ISA i.e my stocks and shares ISA and my lifetime ISA and Help to Buy ISA in the same tax year (as long as all the three investments don't exceed a total of 20k)? Thanks.

[Allibaby]

In what tax year is this starting ? 2016-2017 or 2017-18?

[EdenSignal]

Does the LISA continue to receive interest after the 10 years.

[simmar]

Can this be a house that I want to rent out? Or does it have to be a house that I want to live in?

[mariaferrara]

Thanks for the video. I have a question please: what if you're not going to buy a house any more? The details on the banks website specify that it is only for 1st time buyer. It does not mention to move this kind of ISA into a normal ISA. It is also written (Santander) that you can receive the 25% bonus only when you close the account to buy the house.

[MRAROCKERDUDE]

What if me and my partner realise in the future, we wanted to buy a first house worth over £450k? Would we be able to withdraw the money without the withdrawal charge and losing the bonus? Or would be have to wait until retirement to get the money without the bonus and with a withdrawal fee?

[bradster]

Can you use the Lifetime ISA in combination with the help to buy scheme?

[mattstclair]

Is there anything to stop you from buying a house for 450k then selling it to effectively release the tax free bonus then use that along with other savings to buy a more expensive home?

[Plot]

Can you use it to buy a canal boat or stationary caravan?

[SioWills]

Do you have to add the 4k in one single payment to get the full 1k bonus? I'm thinking about opening one but I'm not sure if it's a good time as we are nearly at the end of the tax year date and I'm worried I wouldn't get the full benefit if I didn't put 4k in by the end the tax year so should I wait until after this date to open one?

[massimoriggio]

What if I take up a Lisa in February 2018 and stockpiling £4000 before the end of the tax year(April, so just 2 months)...Will I get the bonus by keeping that account open just for two months? In that case, say that I can consider that bonus as granted, can I start contributing in putting money for the consequent tax year bonus?

[massimoriggio]

Is the mortgage I will get tied up to Lisa provider or will there be the possibility to open a Lisa account with one provider and get the mortgage with another bank/building society?

[tinatime]

So the cap is 450k so can you still buy a house at 450k or does it really have to be that number like up to 449999.

[challengedanika]

Is it treated like any other savings should you die before you get to draw it out? Or are there different rules?

[InfernoXI]

Hi my name is lida I'm 56 year old can you tell me what to do option is for me to save money for my retirement

[MrDebKar]

Is it your first home that you have to live in or can you use it to buy a house that i can rent?

[jasonswife]

Can i have a help to buy isa and lifetime isa and pay in them both in the same year?

I opened a help to buy for my daughter just before it closed. We don't have any plans for her to buy a house in the next couple of years.
Are there any benefits and is it possible to have a help to buy and LIsa open at the same time and pay into them both in the same year? e.g could she pay £4000 in the LISA and £2000 in to the Help to buy?
I know you can only get the bonus from 1 to use on the property so i'm If she saved £4000 per year in the help to and then used that to buy her house eventually in say 5 years, the bonus would be higher than she could ever get in the help to buy. However, the interest rate on the help to buy is better than a current account or any saver at the moment. So, i'm thinking to continue to pay into the help to buy as well. BUT, would she loose all the interest that she has gained on the help to buy when she finally withdraws it after 5 years or in 2030 or is it just the gov bonus that she would loose? Thank you.

[cassandraking]

Let me ask you question mr Martin i have help to buy ISA
Can i do what you say if you
Don't buy house.