Need help understanding LISAs Watch
An example to hopefully make the question more understandable:
If I put £4,000 today, and never put anything else in, will in 10 years the account be worth...
£14,000, because 25% (up to £1,000) is added each year (£4,000 + (£1,000 * 10).
Or £5,000, because 25% of the money put in that year, and because I only put in £4,000 I only get £1,000 bonus.
If somebody could help that would be much appreciated.