Lifetime ISAs guide
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I have a question.
If I transfer my existing money from my Newcastle LISA to Moneybox LISA, will I still be able to put £4000 in before April or will the transfer count as me adding money into the account so I wont be able to add in my yearly £4000 for this year?0 -
LISA to LISA transfers don't count against the £4k contribution limit. The old provider would tell the new provider how much you have subscribed in the current tax year (sounds like £0) and the new provider would allow you to continue to subscribe until you reach the limit.0
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I am a little confused by Life Time ISA's.
My Daughter had a Help to Buy ISA, but did not actually use it, as a house purchase came up quicker than expected.
Now, two questions. Can the Help to Buy be transferred into a L-isa.
And, does the Stocks & Shares ISA qualify for the Gov't 25% 'Bonus' ?
Thanks0 -
I am a little confused by Life Time ISA's.
My Daughter had a Help to Buy ISA, but did not actually use it, as a house purchase came up quicker than expected.
Now, two questions. Can the Help to Buy be transferred into a L-isa.
And, does the Stocks & Shares ISA qualify for the Gov't 25% 'Bonus' ?
Thanks
A S&S Lifetime ISA (as opposed to a S&S ISA, which is different) does benefit from the 25% bonus, but for those who are already property owners, funds can't be withdrawn from a LISA without a 25% withdrawal penalty until after age 60.0 -
Could a LISA be used in conjunction with a self certification mortgage from Europe?0
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I'm not sure if this has already been covered on here but I have read online that if you're enrolled into a workplace pension scheme (I am a local council employee) this can disable your entitlement to the government subsidy, can someone please confirm this and explain it? I'm confused and frankly anxious as I seem to favour the LISA rather than H2B. Thanks in advance, Sophie0
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sophiemw9696 wrote: »I'm not sure if this has already been covered on here but I have read online that if you're enrolled into a workplace pension scheme (I am a local council employee) this can disable your entitlement to the government subsidy, can someone please confirm this and explain it? I'm confused and frankly anxious as I seem to favour the LISA rather than H2B. Thanks in advance, Sophie0
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Hello there,
I’ve tried to search, but with 108 pages I haven’t had any luck! I’ve recently used my LISA to buy my first house. Can I now open another LISA to plan for retirement, or is the LISA a 'once in a lifetime' account? Many thanks!0 -
I’ve recently used my LISA to buy my first house. Can I now open another LISA to plan for retirement, or is the LISA a 'once in a lifetime' account?
If you closed it then you can start another one but would need to wait until next tax year if you paid anything into the first one during 2019/20.0
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