What is Help to buy ISA?

  • What is Help to buy ISA? 1

In the 2015 Budget, it was announced that from Autumn of 2015 a new type of ISA would be introduced , available from banks and busilding sociates. The accounts will only be availble for 4 Years, but once an accounts is opened, you can keep saving for as long as you like.

The account can be opened with a lump sum of up to £1000 but thereafter you are lomited to saving a maximum £200 per month.When you come to buy your first UK property, the government will give you a bonus up t maximum £3,000, depending on how much you have saved. Basically, it is a £50 bonus for every £200 saved.

The bonus is ONLY available for home purchases of up to £450,000 in London and £250,000 elswhere in the country.

For more information, please contact us

W. www.accountica.com    E. info@accountica.com     T. 07919221876

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