The Lifetime ISA (LISA) government bonus is 25% of whatever you pay in, and can be a maximum of £1,000 a year. You should receive your LISA bonus between four to eight weeks after you pay money into your LISA - but it could take up to ten weeks, depending on the date you pay in. The bonus is paid directly into your LISA.
Here's how it works. On the 6th of every month, we'll contact HMRC and claim a bonus on all the money you've paid into your LISA during the previous month. You'll then receive the bonus four weeks after that.
So if you fund your LISA on 5 May, you'll receive your bonus just over four weeks later. On the other hand, if you fund your account on 7 May, you'll receive your bonus four weeks after the 6 June, i.e. around eight weeks later.
The bonus is paid as cash directly into your LISA, so you’re able to invest it straight away. If you’re not sure where to invest, our investment ideas can help.