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  • FIRST POST
    • hmallya
    • By hmallya 13th Sep 17, 11:52 AM
    • 2Posts
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    hmallya
    Junior ISA and LISA
    • #1
    • 13th Sep 17, 11:52 AM
    Junior ISA and LISA 13th Sep 17 at 11:52 AM
    Can I please ask for some advice ? My daughter will be 18 yrs old in October. We have an Junior ISA account in her name. If I contribute to her Junior ISA allowance before her birthday , can she still open a Life Time ISA straight after she turns 18 in Ocotober ? OR is she allowed only one contribution?

    Many thanks in advance for your reply.

    Regards
Page 1
    • xylophone
    • By xylophone 13th Sep 17, 12:05 PM
    • 22,881 Posts
    • 13,239 Thanks
    xylophone
    • #2
    • 13th Sep 17, 12:05 PM
    • #2
    • 13th Sep 17, 12:05 PM
    You can contribute to the JISA before it matures into whatever product is offered by the provider.

    Examples

    http://www.nationwide.co.uk/support/support-articles/terms-and-conditions/junior-isa-maturity-account-terms-and-conditions



    https://www.coventrybuildingsociety.co.uk/consumer/product/savings/children/junior-cash-isa.html

    It is possible (once a child turns 16) to have both a JISA and an adult ISA.

    A LISA can be opened at the age of eighteen.

    It is possible to contribute up to £4000 per tax year to a LISA and then up to the ISA subscription into another ISA product.

    https://www.gov.uk/lifetime-isa

    http://www.moneysavingexpert.com/savings/lifetime-ISAs
    • hmallya
    • By hmallya 13th Sep 17, 2:29 PM
    • 2 Posts
    • 0 Thanks
    hmallya
    • #3
    • 13th Sep 17, 2:29 PM
    • #3
    • 13th Sep 17, 2:29 PM
    thank you.
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