For solicitors
10 Support topics
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What is the process for withdrawing funds from a Lifetime ISA for a solicitor?
In order to begin the Lifetime ISA withdrawal process, we’ll first need our mutual customer to start the process…
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Can Lifetime ISAs be used towards a joint property purchase?
Yes! However, please note that HMRC’s limit on the property value (£450,000) remains the same and does not double…
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What if the property purchase falls through, or the funds need to be returned to Moneybox?
If the property purchase falls through, or you need to return funds for any reason, please contact our Lifetime…
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Can a Lifetime ISA withdrawal for a property purchase be expedited?
Once your Cash LISA house purchase withdrawal has been initiated, we first need to receive the funds from our…
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Can Moneybox hold documents to be processed at a later date?
Due to the volume of requests we receive, it is not possible for us to hold documents to process…
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I haven’t received my customer’s pending bonus.
LISA bonuses are paid at the end of each month, based on the customers’ contributions made the month before….
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Is my customer’s purchase considered a qualifying property purchase?
To withdraw for a first-time home purchase, your customer must meet the following requirements: Be a first-time home buyer;…
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What can Lifetime ISA funds be used for?
Lifetime ISA funds must be used directly towards the purchase price of the property. They can be used towards…
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Should I request a full or partial withdrawal?
You can request a partial withdrawal for a specific amount, a full withdrawal of the customers’ current balance (which…
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Does the customer need to complete an investor declaration?
We no longer process or require investor declarations to withdraw LISA funds. However, if you would like the customer…
Listed in: For solicitors
It's important you know
Capital at risk. All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.
Tax treatment depends on individual circumstances and may be subject to change in the future.
