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Lifetime ISAs

Authored by Poppy Holmes

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Lifetime ISAs
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What's the maximum bonus that a LISA customer can receive in their lifetime?

£1,000

£26,000

£32,000

Unlimited

2.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

What is the penalty for withdrawing from a LISA for any reason other than house purchase or retirement?

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What's the maximum purchase price that a LISA can be used towards?

£300,000

£350,000

£400,000

£450,000

4.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

What's the maximum age that a customer can open a Lifetime ISA?

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How does the customer initiate a LISA House Purchase withdrawal?

First Time Purchaser Form

Investor and Conveyancer Declarations

Investor and Seller Declarations

Secure Message containing the bank details and withdrawal amount

6.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

Mr Stevens pays £2,000 into his LISA, how much bonus will he receive?

7.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

Mr Stevens paid the £2,000 in on the 8th March. When will we report this to the HMRC?

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