The government pays Lifetime ISA bonuses at the end of each month.
The monthly bonus claim periods cover from the 6th day of one calendar month to the 5th day of the next calendar month and they take into account the qualifying payments received and cleared by Nutmeg into your Lifetime ISA during the claim period.
An example may help to clarify the position. The bonus due at the end of the month will relate to the payments received and cleared into your Lifetime ISA from the 6th July to the 5th August.
To ensure a contribution is included and the bonus paid at the end of the month, you should make your contribution so it can clear before the 5th of that month. We suggest you make your payment by debit card at least three business days prior to the 5th of the month to allow the payment to reach your account. See why »
If you are arranging a home purchase and you want to use your Lifetime ISA funds, including any bonus, to make the purchase happen, the dates of the claim periods may be very important.