Lifetime Isa

When are LISA bonuses paid out?

Lifetime ISA bonuses are paid out at the end of each month, and are based on your total contributions in the previous month. HMRC doesn’t pay out bonuses on a set date each month, but this is typically in the final week of the month, usually between the 24th and the end of the month.

LISA bonus ‘windows’ run from the 6th of the month to the 5th of the following month. For example, for any contributions you made between the 6th of January and the 5th of February, you’d receive the 25% bonus at the end of February.

If you have a pending bonus, you can see when this is due to be paid in Discover > Tools > Lifetime ISA Bonus. (Please note you’ll need to be on the latest app version to see this!)

 

What if I’m due to complete on a first home purchase soon?

If you’re due to complete on a property purchase after your bonus is due to be paid, we should still be able to withdraw this bonus and send the funds to your solicitor. When we liaise with your solicitor to complete your withdrawal, they are able to indicate whether they’d like us to include any future bonuses due to be paid into your LISA, or a specific amount. If they opt for us to include further bonuses, we’ll typically pay these out separately once they have been paid into your LISA.

Please note that once your bonus is paid out by HMRC and is available to withdraw, it can take up to 3 working days for our Cash LISA, or up to 10 working days for our S&S LISA for the withdrawal to complete.

If your completion date is before the bonus is due to be paid, you can either leave the bonus funds in your account, as your LISA can also be used to save towards retirement, or you can withdraw the bonus to your linked bank account. Please note, if you did choose to withdraw, the 25% government penalty would apply, as you would have already withdrawn for your property.

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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.

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