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Also I think the lifetime ISA and help to buy ISAs are different.
This is my understanding too.
My 2p the idea of trusting the government on something as long term as the lifetime ISA is niave. And over the term the gain seems minor.
The Help to Buy ISA doesn't alwsy work out when you look at the inside/near London caps and that it's priced into a lot of new builds (which I believe is still a stipulation). However, there is so little downside, if you can you may as well. If it works for you great, if it doesn't meh.
hugo7-
@hugo7 From my research, I think with the help to buy isa, if you don't use it on a house, you still get the interest when you cash out tax free, just not the gov's contribution of 25%. I also think the scheme ends in like November so I should really get into one, even just with £100 to start, ASAP.
The stipulations are limiting indeed -
Also I'm pretty sure that the lifetime ISA has a 25% charge for withdrawing early.
bobble
aggi
@bananaskid @skinny I agree. If I (we) aren't going to clear it, making voluntary contributions is such a waste.
I have unused maintenance loan and I'm in third year, I am thinking about taking about 2.4k in maintenance loan and putting £1200 into the first month into a help to buy ISA (2.5% AER then 25% on top of that if used on a house), and then the rest as £200 max contributions to the ISA until my first payday in October when I can continue to do it with my salary. Is that stupid?
Also I think the lifetime ISA and help to buy ISAs are different.