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opening LISA before 40.
cybervic
Posts: 598 Forumite
Hi all, I'm turning 40 in 2 days time but still reading up pros and cons to decide which S&S LISA provider I should go for.
Can I open a LISA with either Nutmeg/MoneyBox (whose transfer fee is zero) or Skipton(cash LISA) now, pay the money before 40th birthday, and transfer to my desire provider when I am able to make the decision in few weeks time?
If it's possible, do I have to do it within the same tax year?
Thanks.
Can I open a LISA with either Nutmeg/MoneyBox (whose transfer fee is zero) or Skipton(cash LISA) now, pay the money before 40th birthday, and transfer to my desire provider when I am able to make the decision in few weeks time?
If it's possible, do I have to do it within the same tax year?
Thanks.
0
Comments
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It doesn’t really matter. Just open one in the next 24 hours.
You can open/transfer as you wish later – but once you hit 40 its too late.
Skipton’s lifetime cash isa can be opened online and you can invest immediately with a debit card. You can open a different lifetime isa e.g. stocks and shares from 6 April.
https://www.skipton.co.uk/savings/isas/cash-lifetime-isa0 -
Skipton accept a £1 initial deposit with no transfer out fee - as above just do it quickly to keep your options open.0
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