Moneybox Review 2023

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Күн бұрын

Пікірлер: 28

@margaritakaneva4056 10 ай бұрын

Hi and thank you for great detailed reviews. I’ve looked at the review on the website as well. There’s only one part where I need some clarification. If I want to buy a house that is over £450 000, does this mean I won’t be able to withdraw the savings from LISA? And how will Money box know that I’m withdrawing the savings towards more expensive property? Is there some sort of questionnaire and checks that Money box have in order to know what the value is? Thank you and keep up the great work! You’ve earned a new follower. 🙌🏻

@Moneytothemasses 9 ай бұрын

Hi Great question... technically you can still withdraw from the LISA if a house is over £450k but you will pay the 25% charge which effectively removes the government bonus. When it comes to buying a property your solicitor (conveyancer) acting for you will process the house purchase so will know the funds come from a LISA and the purchase price of your property. So there is no way of circumnavigating the rules. Your best hope if you wish to purchase a property of over £450k with the help of a LISA is that the rules will be changed so that the £450k threshold is raised. There is a lot of pressure being placed on the government to alter the rules. Thanks again for your support. Damien

@triumphant5345 Жыл бұрын

I’m trying to save money in stock and share Moneybox. Is it risky?

@AlabamaTree Жыл бұрын

If you don’t understand it don’t do it.

@zinabstar 7 ай бұрын

Is the 25% bonus a one off bonus or can you get up to £1000 bonus per tax year? I.e a £1000 in one tax year then £1000 in the next so long as you put in £4000 every tax year

@Moneytothemasses 7 ай бұрын

If you put in £4,000 every year you will get a £1,000 bonus every year.

@zinabstar 7 ай бұрын

@@Moneytothemasses ah okay; thank you for confirming!

@syedali1217 4 ай бұрын

@@Moneytothemasseshi, what is the name of the product that gives a £1000 bonus if you put £4000 a year? How can they afford to give that much?

@serfranklin6022 Жыл бұрын

You can't round up with every bank though, Metro bank for example doesn't allow that unfortunately

@Moneytothemasses Жыл бұрын

Moneybox currently supports round ups for the following institutions: American Express Bank of Scotland Barclaycard Barclays First Direct Halifax HSBC Lloyds M&S Bank MBNA Monzo Nationwide NatWest RBS Revolut Sainsbury’s Bank Santander Starling TSB Ulster Bank Virgin Money Yorkshire Building Society You can find up to date information here www.moneyboxapp.com/faqs/which-banks-do-you-support-for-round-ups/?

@serfranklin6022 Жыл бұрын

@@Moneytothemasses i know that, there's clearly no Metro bank in the list, just like I said