Lifetime ISA bonus and charged withdrawal
See why a charge on the whole Lifetime ISA pot can remove more than the original bonus. This example assumes a charged, nonqualifying withdrawal.
Your inputs
Start with the example values, then replace them with your own. For tables, keep the vertical bar separators and use a dot for decimals.
Illustrative inputs are not certified current rates or an entitlement decision. Confirm the country, year, eligibility and contract. This limited model is not a tax return, payroll service or financial/legal advice. Do not act on it without verifying the applicable rules.
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Result and workspace
Use the start button to open your result or activity.
How it works
Add the entered bonus to eligible deposits, include gains or losses, then apply the charge to the full pot. Display the difference from your own contribution. Eligibility, age, first-home conditions and exceptions are not decided here; verify current rules before withdrawing.
Worked example
These sample results use the original example inputs in the form. They do not change when you edit your inputs; your own result appears in the workspace.
- Illustrative bonus: 1000
- Pot before withdrawal: 5000
- Nonqualifying withdrawal charge: 1250
- Cash after charge: 3750
- Difference from own deposit: -250
Read the result carefully
Results depend on the values and assumptions shown above. Change one input at a time to see its effect. A blank or unavailable result means the data does not support a calculation; it is not zero.