Married or cohabiting couples can each hold their own Lifetime ISA when buying the same house, meaning both get the £2,000 annual government bonus. One couple held accounts for four years and used their combined bonuses toward their deposit.
Can I have a separate lifetime ISA from my spouse? If you are buying the same house, the answer is a resounding yes. So for a couple, you can have two separate accounts and get the maximum of £2,000 government bonus per year. I've got examples where this has happened quite well. A typical example I remember is a surgical registrar who has his lifetime ISA account for four years and the wife had hers as well. Obviously, over the course of four years they got a joint £8,000,000 extra bonus which went into the deposit of buying their first home. So that's fantastic.
