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What happens to my Help To Buy ISA Bonus if i transfer to a LISA

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Hello,


I currently have a Help To Buy ISA which currently has £4800.


I have opened a Skipton LISA account and added the £1 recommended.


When I transfer the Help To Buy ISA to the LISA next year, what happens to the government bonus? (currently £1200 on £4800)


May be a daft question, but can't find the answer anywhere.

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  • Ed-1
    Ed-1 Posts: 3,913 Forumite
    First Anniversary Name Dropper First Post
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    cairnsyyy wrote: »
    Hello,


    I currently have a Help To Buy ISA which currently has £4800.


    I have opened a Skipton LISA account and added the £1 recommended.


    When I transfer the Help To Buy ISA to the LISA next year, what happens to the government bonus? (currently £1200 on £4800)


    May be a daft question, but can't find the answer anywhere.

    Nothing happens to it. Your Help to Buy ISA funds become LISA contributions which attract a 25% bonus at the same time as other LISA contributions.
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