The Help to Buy: ISA is a cash ISA and you can only save into one cash ISA in a tax year with Halifax. Read our guide to ISAs for more information. ISAs have an annual limit of £20,000 this tax year.
You can no longer open a Help to Buy ISA. Find out how it works if you already have one, including how much the government will top up your savings by.
You may be able to get financial help from the government to buy a home. You could get: You can no longer open a Help to Buy ISA. You can still open a Lifetime ISA to save for a first home. There...
But if you do have a Help to Buy ISA, here's everything you need to know, including how to claim the 25% bonus, whether it's worth transferring to a Lifetime ISA and how to get a better rate by changing provider.
The Help to Buy: ISA is a savings account for individuals saving towards buying their first home. You can save up to £1,200 in the first month and then £200 per month thereafter.
In this article, you’ll learn how to get the best out of your ISA. We’ll show you when and how to claim that 25% government bonus, the simple steps to close your account properly, and how to use your savings at each stage—from the first deposit to the final payment.
The Help to Buy: ISA has closed to new savers, but you can add money to one you’ve already opened until 30 November 2029. If you already have a Help to Buy: ISA, you can now set up a savings goal in the Barclays app 1 and track your progress.
You can put away up to £200 a month in a Help to Buy: ISA that the government will then top up by 25%, up to a maximum of £3,000.
You can find detailed information on the Help To Buy: ISA, including the eligibility criteria for a government bonus here. Help to Buy: ISA Scheme Rules; Conveyancer Guidelines
What is a Help to Buy ISA? A Help to Buy ISA is a type of savings account that the government tops up with a 25% bonus, if you meet certain savings targets. How soon can I get the government bonus? If you opened a Help to Buy ISA before the 30th November 2019 deadline, the government will chip in with a contribution worth 25% of what you save.