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Old Help to Buy ISA & new Lifetime ISA
cgphillips8
Posts: 20 Forumite
Hi,
I have Help to Buy ISA for both my sons with about £3800 in each. If I were to stop paying into these HTB ISA's and started to invest in a new Lifetime ISA would they still be able to claim the 25% from both ISA's when the time came to them to buy their first homes? or do I just continue in the Help to Buy ISA. If I do is there a date when these will be abolished?
Rgds
Carl.
I have Help to Buy ISA for both my sons with about £3800 in each. If I were to stop paying into these HTB ISA's and started to invest in a new Lifetime ISA would they still be able to claim the 25% from both ISA's when the time came to them to buy their first homes? or do I just continue in the Help to Buy ISA. If I do is there a date when these will be abolished?
Rgds
Carl.
0
Comments
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You would need to transfer the HTB ISAs into the LISAs in order to benefit from both. Any money paid in to the HTB ISA this tax year would count against the £4,000 LISA limit.0
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Bonuses will continue to be issued until 2030, unless of course any future government moves the goalposts....cgphillips8 wrote: »do I just continue in the Help to Buy ISA. If I do is there a date when these will be abolished?0
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