If my daughter has a LISA and her partner has a HTB ISA,can we use them both together
Nigel_Baker
Posts: 2
Newbie
Hi,
My daughter intends to transfer her HTB ISA into a LISA to make the most of the additional allowance, but her partner won't be able to save that much, so wants to keep it in a HTB ISA for the higher rate.
When they come to buy a property, can they use them both together. I know you can use two HTB or two LISAs between a couple, but I've not seen any concrete statement that you can use one of each between a couple.
I can't see why not, but I'd like some another opinion if anyone knows for certain.
Thanks,
Nigel
My daughter intends to transfer her HTB ISA into a LISA to make the most of the additional allowance, but her partner won't be able to save that much, so wants to keep it in a HTB ISA for the higher rate.
When they come to buy a property, can they use them both together. I know you can use two HTB or two LISAs between a couple, but I've not seen any concrete statement that you can use one of each between a couple.
I can't see why not, but I'd like some another opinion if anyone knows for certain.
Thanks,
Nigel
0
Comments
-
Interesting, its documented that you (as a single person) can't use the bonus from the LISA and the H2B together. Presumably, and I can't find anything to the contrary, this applies also to couples.
Gov.uk says under the "buying with someone else" section:If you have a Lifetime ISA and a Help to Buy ISA, you can only use the government bonus from one of them to buy your first home.0 -
The ISA rules only apply to individuals so I don't see why this would not be possible.0
This discussion has been closed.
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards