Moneybox LISA

Moneybox (the 'save the change' investment app) recently launched an investment LISA.

Fees:
0.45% platform fee
plus £12pa (£1 per month).
Provider fee (0.22-0.24% approx)
No exit fees mentioned.

More interestingly, their FAQ says that they accept transfers of existing LISAs and also says you can transfer HTB ISAs (worth confirming, as the wording on their site is slightly generic). Apparently transfers will take up to 30 days.

If this is correct it could be a useful vehicle for consolidating LISA and HTBISA money.

Comments

  • Alexland
    Alexland Posts: 9,639
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    Yes I mentioned it in another thread last week. To be honest I am not a fan of their approach. People would probably be better sticking to Skipton if they are nearing purchase or Nutmeg, AJ Bell or HL if they are investing. HL accept transfers in of HTB ISAs and have a lot more experience in the market.
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