Help-to-Buy vs Lifetime ISA

Both ISAs offer a 25% bonus on the account's balance, which you can use towards your first home. BUT there are many differences in the small print. So which is best for you? We've compared the facts below to make your decision easier.

Comparison Table

	Help-to-Buy ISA	Lifetime ISA
How much can you deposit each year?	£2,400 (and £3,400 in year one)	£4,000
Do you have to make regular deposits?	Yes – Monthly	No – Deposit when you want
What is the max bonus?	£3,000 (takes 4 years 6 months)	£32,000 (takes 32 years!)
When is the bonus paid?	When you buy a home once the sale is complete	First bonus paid in April 2018 and monthly thereafter
What's the max property price?	£250,000 and £450,000 in London	£450,000 anywhere
When can bonus be used towards buying a home?	After you have deposited at least £1,600	After the ISA has been opened for 1-year
Age limitations?	16 years-old or older	18 – 39 year-olds only
Is there a penalty for withdrawing?	No, but you won't get bonus	Yes, you won't get bonus and will lose 6.25% of your deposit