Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

Lifetime ISA Hacks - Get FREE £1000!

3 Feb 2025 · 0 min

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0:29

Andy Egwim shows how couples can each get the £1,000 government bonus on a Lifetime ISA by contributing separately. You keep getting the bonus after buying your first home if you use it for retirement instead, and contributions stop at 50 or if you leave the UK.

Questions this video answers

"$4k each" (as spoken in the clip).

"£1,000" (referred to as "the 1000" / "extra £1,000" by the speaker).

If you leave the UK, and once you cross 50 years of age (as stated by the speaker).

One ISA hack. If you're married or if you got a partner, you can each $4k each and you still get like the 1000. Both of you, they can use it towards buying your first home because if you leave the UK, you can't contribute more to the ISA, and once you cross 50 years of age, you can't put more money to the isa. The big mistake many people are doing is after they buy their first house, they don't realize they can still use the Lifetime ISA, invest towards retirement and also get that extra £1,000 from the government so they stop.