Last chance to claim £1,576 free UK Government money before tax year ends
dailyrecord.co.ukPeople across Scotland and the rest of the UK are running out of time to claim the £1,576 free money everyone from 18 to 40 is entitled to from the Uk Government.
The money is available thanks to two policies - the Lifetime ISA (LISA) and pension tax relief, however, both of these income boosts reset at the end of the tax year on April 5, which means if you haven't topped up your savings in time, you will lose the chance to claim the cash.
Anyone putting money into a LISA will get 25% added on top by the UK Government on the first £4,000 they save each tax year.
That means you could be given anything from 25p to £1,000 free, depending on how much you can spare - provided you use your savings to help buy your first home or after you turn 60.Anyone aged between 18 and 40 can open a LISA with as little as £1, and once opened you can continue to get government top ups until you turn 50.People also get at least 20% tax relief for putting money into a pension - even if they don't pay tax.
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