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LISA & help to buy
alanot86
Posts: 1 Newbie
Hi
Does anyone know if a LISA and help to buy IS A can be opened in the same tax year? Confusion in the literature about this.. Are they classified as separate ISA products ?
Does anyone know if a LISA and help to buy IS A can be opened in the same tax year? Confusion in the literature about this.. Are they classified as separate ISA products ?
0
Comments
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Yes, they are seperate.
There are 4 types of ISA and you can have one of each:
cash ISAs
stocks and shares ISAs
innovative finance ISAs
Lifetime ISAs
HTB counts as a cash ISA.
However you can't claim the bonus from a HTB and a LISA to buy your first home.0 -
And both their deposit limits count toward your overall annual ISA limit.0
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So if you close your HTB ISA and transfer to a LISA can you then open a cash isa. All in the same tax year?0
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Yes. [extra text added to meet minimum number of characters required]ashleybullock wrote: »So if you close your HTB ISA and transfer to a LISA can you then open a cash isa. All in the same tax year?0 -
My son puts the maximum into a HTB ISA, where is the best place for other savings?
He saves around £1000 a month total. TIA0 -
Point him in the direction of:Dunroaming wrote: »My son puts the maximum into a HTB ISA, where is the best place for other savings?
He saves around £1000 a month total. TIA
https://www.moneysavingexpert.com/savings/lifetime-ISAs
https://www.moneysavingexpert.com/savings/best-regular-savings-accounts0
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