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AJ Bell - HTB interest included in Lifetime ISA Contribution?
Tich83
Posts: 1 Newbie
Hello,
I transferred my Help to Buy ISA from Halifax after the interest was paid on my savings into a new Lifetime ISA.
I had made contributions of £1,600 in the year into the Help to Buy. I had expected to be able to top this up by £2,400 once the Lifetime ISA was open.
However, AJ Bell says I can only pay in £2,193 as the interest received over the year is being treated as part of my contribution. Is that correct?
Thanks for any help you can provide.
I transferred my Help to Buy ISA from Halifax after the interest was paid on my savings into a new Lifetime ISA.
I had made contributions of £1,600 in the year into the Help to Buy. I had expected to be able to top this up by £2,400 once the Lifetime ISA was open.
However, AJ Bell says I can only pay in £2,193 as the interest received over the year is being treated as part of my contribution. Is that correct?
Thanks for any help you can provide.
0
Comments
-
Yes, it's correct that HTB interest earned after 6 April 2017 counts towards the £4K 2017/18 LISA limit if transferred.0
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