Home-buying Gifts are a way for family and friends to help you on your home-buying journey by making gift deposits into your Cash Lifetime ISA. You can accept gifts into your Cash LISA by generating a link in the Moneybox app, which you can send to your family and friends. They can then follow this link to send a payment to your LISA.

You can find your gift link in Accounts > LISA or in Settings - links can be shared with as many people as you’d like, however only four gifters can add money to your LISA per tax year, with a minimum of £100 and a maximum of £500 each. This means that up to £2,000 of the £4,000 you can pay into your LISA per tax year can come from your family and friends!

Gifters just need to follow your gift link to securely send their gifts via instant bank transfer - they don’t need to be Moneybox customers themselves. Once they’ve successfully completed a bank transfer, the money will arrive in your Cash LISA within a few minutes, and you’ll both get an email confirming the payment.

You can keep track of the gifts you’ve received in the app in Accounts > LISA > Recent activity.

Just note that any gift deposits made into your LISA will count towards your allowance of £4,000 per tax year.

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