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Post by Fletchsmile on Sept 17, 2019 12:29:44 GMT 7
Use of a LISA for anyone in UK might also be of interest:
Put in up to £4,000 each tax year before your 50th birthday (the LISA must have been opened before your 40th birthday) Get a 25% government bonus (up to £1,000 each year) on any contributions Withdraw money tax free when used to buy your first home up to £450,000 (using a mortgage) or after age 60
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Mum and Dad – UK’s 10th largest mortgage lender Rocketing house prices over the past decade mean parents are contributing more than ever to help their children onto the property ladder.
www.hl.co.uk/news/articles/bank-of-mum-and-dad-mortgage
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AyG
Crazy Mango Extraordinaire
Posts: 5,871
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Post by AyG on Sept 17, 2019 12:40:24 GMT 7
It's just another example of how governments fritter away taxpayers' money. I can think of no sensible reason why people who save in a particular type of savings account, which is already tax free, should be topped up at all.
Or is it just that the government wants to stuff the pockets of house builders, whilst stoking house price inflation?
When will these self-serving, self-selected demagogues learn that it's not their money but the British people's before they squander it?
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