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Stocks and Shares LISA penality

Ahmed
Posted Thu, 22 Feb 2024 18:26:18 GMT by Ahmed
What would be the penality if I wanted to withdraw my LISA in case I made gains on my investments? Is it 25% (of both the principle and profit) or just the government bonus (1k for each 4k deposited) + 6.25% of my principle?
HMRC Admin 19 Response
Posted Mon, 26 Feb 2024 16:44:15 GMT by HMRC Admin 19 Response
Hi,

You can see guidance on withdrawning from a lifetime ISA and details of the withdrawal charge outdside of the approved withdrawal options here:

Lifetime ISA

Thank you.

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