At Moneybox, we’re already helping hundreds of thousands of you to buy your first homes, from first step to doorstep. But, we know that the first step – saving your deposit – is often the hardest. Meet our new, exciting way to help you grow your deposit… Home-buying Gifts! 🎁
What are Home-buying Gifts?
We’ve launched Home-buying Gifts to help you get closer to your dream home. Share your unique gift link with up to 4 friends and family members each tax year, so they can easily contribute to your Cash Lifetime ISA. Each gifter can pay in between £100 and £500 per tax year. Not only will you get a helping hand from them, you’ll also earn interest and the 25% government bonus on every Home-buying Gift you receive!
How do Home-buying Gifts work?
It’s easy – just tap below to share your unique gift link with up to 4 friends or family members. All they need to do is confirm their name, email address and the amount they want to give you as a Home-buying Gift.
All payments are made securely via bank transfer. You’ll get an email to confirm when you’ve received a gift and the money has landed in your Cash Lifetime ISA. 🎉
Ready to explore Home-buying Gifts? Make sure you’re on the latest app version with a Cash Lifetime ISA, then head in-app to Accounts > Lifetime ISA.
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.