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Lifetime ISAs guide

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Comments

  • Zorillo
    Zorillo Posts: 774 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    I dont think you can with AJ Bell.
  • TheShape
    TheShape Posts: 1,890 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    tg99 wrote: »
    Anyone know if you can you pay the monthly / quarterly LISA fees for HL and AJ Bell outside the LISA wrapper?

    I pay my HL LISA fees from a separate fund and share account.
  • Alexland
    Alexland Posts: 10,183 Forumite
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    tg99 wrote: »
    Thanks, yep I select my own funds/shares rather than opting for a ready made portfolio such as Nutmeg which rules out everyone but HL and AJ Bell I think.

    Well if you were to go down the advised route (probably not worth it for just a small value LISA account) you should have plenty of choice with Killik or Transact. The Share Center offer lots of choice in their S&S ISA but their product pages suggest they have locked down the LISA to their ready made funds.

    Alex.
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    TheShape wrote: »
    I pay my HL LISA fees from a separate fund and share account.

    But its worth mentioning that the fund and share account would also eventually have a closure fee so I decided to pay our HL fees from the LISA cash balances. The other advantage of this approach is that its slightly less money tied up to age 60.

    Alex.
  • TheShape
    TheShape Posts: 1,890 Forumite
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    TheShape wrote: »
    I pay my HL LISA fees from a separate fund and share account.
    Alexland wrote: »
    But its worth mentioning that the fund and share account would also eventually have a closure fee so I decided to pay our HL fees from the LISA cash balances. The other advantage of this approach is that its slightly less money tied up to age 60.

    Alex.

    That's the second time you've had to add that disclaimer to my answer:o

    I went the Fund & Share route for simplicity so I didn't have to determine how much cash I needed on account to pay fees, especially once contributions cease. Of course should my LISA still be with HL in 10/11 years time I'll be (hopefully) having to top up that Fund & Share account quite a bit to cover fees.
  • AR2012
    AR2012 Posts: 1,084 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Skiptons paid the FY 2017/18 Bonus from HMRC and as I transferred the balance of the HTB isa. Got the full 25% on that. So £2116.25 for 17/18 and transfer. With £1000 for 2018/19 expected and the ISA interest rate of ~.75% (not really due to the initial .5% offer and the timing of deposits). Really happy with that.
  • jimmeee
    jimmeee Posts: 445 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Has anyone received the 2017/2018 LISA bonus with YouInvest yet?

    The documentation says they expect it to be paid by end of April 2018 but I still haven't received it yet.
  • Zorillo
    Zorillo Posts: 774 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Not yet. Any day now, I reckon.
  • Alexland
    Alexland Posts: 10,183 Forumite
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    edited 1 May 2018 at 9:04AM
    A friend at work told me their Share Center LISA bonus was added last week - and that the investment return had been negative which isn't much of a suprise as they have chosen a low risk / high fee option for which there is little possibility of ever seeing upside.
  • 00lakes
    00lakes Posts: 2 Newbie
    Sixth Anniversary Combo Breaker
    I personally am still unsure if I need to begin paying money in each month - or can simply pay a lump of £4000 at the end of the year (now that I'm in the second year of my LISA).


    Last year I paid £1 into a Nutmeg LISA, then transferred £3999 before the end-of-year deadline.


    Can I do the same this year? Or does it need to be a regular monthly payment to receive the 25% government bonus? (Now that they're applying it monthly)?


    Could someone shed light on this please? Thank you,
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