Deposits And Withdrawals

How do Gifts from family and friends work?

Gifts are a way for family and friends to help give a head start on your savings by making gift deposits into your account. Currently, these are available for our Cash Lifetime ISA and Junior ISA. You can find your unique gift link in Settings > Share your gift link.


Gift links can be shared with as many people as you’d like, however only up to four gifters can add money to your LISA per tax year, with a minimum of £100 (or your remaining LISA allowance for the tax year) and a maximum of £500 each. This means that up to £2,000 of the £4,000 you can pay into your LISA per tax year can come from your family and friends!

Junior ISA

You can receive Junior ISA Gifts from as many people as you’d like, and each can contribute between £100 and £9,000, or your remaining JISA allowance.

For either account, gifters just need to follow your gift link to securely send their gifts via instant bank transfer – they don’t need to be Moneybox customers themselves. Once they’ve successfully completed a bank transfer, the money will arrive in your account within a few minutes, and you’ll both get an email confirming the payment.

You can keep track of the gifts you’ve received in the app in Accounts > Tap on your account > Recent activity.

Please note that 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. Payments made into a Junior ISA can only be withdrawn by the child once they turn 18.

View other topics

It's important you know

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.

Risk Warning
Get started