Can 20q7/18 help to buy isa be transferred to a losa

Investor62

If I take out a help to buy isa in the current tax year will I be able to transfer it to a Lisa as and when more become available.

Thanks

Ed-1

Investor62 wrote: »

If I take out a help to buy isa in the current tax year will I be able to transfer it to a Lisa as and when more become available.

Thanks

You can transfer money from any ISA to a Lifetime ISA but it will count against your £4,000 LISA limit as only funds paid into a Help to Buy ISA before 6th April 2017 can be transferred without affecting the limit.

Investor62

Thanks. Will I earn interest on the help to buy isa for the period prior to transferring it to a lisa

bowlhead99

The HTB ISAs from all mainstream providers pay more than 0% interest, but some pay more interest than others.

Investor62

Thanks. One other questio - Will I earn interest on the period that i hold the hel to buy isa prior to transferring it to transferring it to a lida

Ed-1

Investor62 wrote: »

Thanks. One other questio - Will I earn interest on the period that i hold the hel to buy isa prior to transferring it to transferring it to a lida

The Help to Buy ISA will accrue interest daily and any interest not yet credited to the account if you transfer and close the Help to Buy ISA will be paid at closure.

eskbanker

Investor62 wrote: »

Can 20q7/18 help to buy isa be transferred to a losa

Perhaps it's just me but this conjures up an image of a Treasury spin-doctor coming up with a name for a new type of tax-free account guaranteed not to keep pace with inflation....





....and yes, I know they already exist and are known as "cash ISAs"!