Have I chosen a bad LISA?

!thanks

Thanks for this. I am thinking of buying in a year or so, so it's not that immediate, but I think probably staying put makes sense, especially since it comes directly out of my salary before I get taxed (I don't know if other LISA's are allowed to do this, but it saves some money).

All I really understood a LISA to be was my contribution +25% when it comes to buying a house, so as long as I still get that then I'm happy. Any more is a bonus, and if it's only going to be a little bit less I won't lose too much sleep over it.

Am I right in thinking that even a qualifying withdrawal is going to have 2% of what I invested within whatever tax year I purchase taken away?

/r/UKPersonalFinance Thread Parent