How do I know how much Help-to-Buy ISA bonus I will receive?
The Help-to-Buy ISA bonus is based on a 25% top up on any amount between £1,600 and £12,000. The amount you receive will be directly linked to your savings at the time of your application.
If you save less than £1,600 then you won't be eligible for any bonus. And if you save more then £12,000 you won't be eligible for any bonus above £3,000. The table below shows example amounts you could receive if you save money in your Help-to-Buy ISA.
Amount Paid In | Government Bonus | Total amount in ISA |
£1,600 | £400 | £2,000 |
£2,000 | £500 | £2,500 |
£3,000 | £750 | £3,750 |
£4,000 | £1,000 | £5,000 |
£5,000 | £1,250 | £6,250 |
£6,000 | £1,500 | £7,500 |
£7,000 | £1,750 | £8,750 |
£8,000 | £2,000 | £10,000 |
£9,000 | £2,250 | £11,250 |
£10,000 | £2,500 | £12,500 |
£11,000 | £2,750 | £13,750 |
£12,000 | £3,000 | £15,000 |
This table shows the exact figures in £1,000 multiples. Your exact savings amount might be different from this. To calculate how much you will receive, simply add 25% to the total. You can do this by multiplying your savings amount by 1.25.
For example, if you save £8,293, this would be topped up to £10,366.25.