ISA & GIA

All topics ISA & GIA What should I do if I think I’ve exceeded my ISA/LISA allowance?

What should I do if I think I’ve exceeded my ISA/LISA allowance?

The Moneybox app automatically pauses further payments for the tax year once you reach your annual allowance with us.

However, if you hold other ISA or LISA savings elsewhere and have made a payment into your Moneybox account, which you believe takes you over your £4,000 LISA limit or £20,000 annual ISA contribution limit, we may be able to reverse this for you. Please contact our Support team via the in-app chat in Settings > Help > Chat to us, or by emailing support@moneyboxapp.com.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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