How can I deposit to my Lifetime ISA and earn cashback?

In order to be eligible for the cashback, you’ll need to deposit a minimum of £100 through one or a combination of the following payment methods and maintain a balance of at least £100 in your Lifetime ISA for 30 consecutive days:

Weekly collection cycle

Any funds in your upcoming collection for your Lifetime ISA will be collected on the next available Wednesday at midday and leave your bank account a few working days later. If adding funds via our weekly collection, you’ll need to have instructed this in the app before 11:59am on 12th March 2025 and the deposit successfully completes by 19 March 2025.

Easy or Manual bank transfer

You can add funds via easy bank transfer by heading to Wealth > LISA > Add money. The money must be received by 11:59pm on 19 March 2025.

Gift link deposit (Cash LISA only)

Our Cash Lifetime ISA customers can also earn entries through Home-buying gifts from family and friends. You can share your gift link in Settings > Share your gift link, and as long as the recipient of the gift link successfully makes a deposit before 11:59pm on 19 March 2025, this will count towards the gift link recipient’s eligible deposits for the reward.

Transferring a Lifetime ISA from another provider to Moneybox

Finally, you can transfer an existing Lifetime ISA from another provider into your Moneybox Lifetime ISA in Settings > Transfer an existing ISA before 11:59pm on 19 March 2025.

We’ll just need to have received the funds from your previous provider by midnight on 18 April 2025 for you the transfer amount to count towards your eligible deposits for the reward.

It is worth noting that transfers can take up to 30 days to complete, and so we aren’t able to guarantee that your existing provider will send the funds before 18 April 2025, however, we’ll do our best to make the transfer process as smooth as possible.

Transfers started before the reward incentive are not eligible. If you miss out on this reward, keep an eye out for a variety of offers and incentives which we run throughout the year.

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It's important you know

Capital at risk. All investing should be for the 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.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

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