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Second cash Lifetime ISA to launch next week - MSE News

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Comments

  • masonic
    masonic Posts: 28,370 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    bhjm wrote: »
    how many LISA I can actually have? 1 or more?
    Like other types of ISA you can have many (if there were many providers!), but can only pay into one per tax year.
  • You can only pay into 1 per tax year in total (you can't split between an S&S and cash account - only one or the other) you could open a different type or with a different provider next tax year, that said the new one would have to be open for a year before you could claim the bonus on that account.

    Annoying Nottingham won't allow transfers, I'd rather my money was there than Skipton.
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

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  • aj23_2
    aj23_2 Posts: 1,155 Forumite
    1,000 Posts Third Anniversary Name Dropper Combo Breaker
    You can only pay into 1 per tax year in total (you can't split between an S&S and cash account - only one or the other) you could open a different type or with a different provider next tax year, that said the new one would have to be open for a year before you could claim the bonus on that account.

    Annoying Nottingham won't allow transfers, I'd rather my money was there than Skipton.

    Why Nottingham over Skipton particularly? I bank with both and have never had issues with either.
  • soulsaver
    soulsaver Posts: 6,783 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    aj23 wrote: »
    Why Nottingham over Skipton particularly? I bank with both and have never had issues with either.

    He explained..
    No transfers is rather annoying, I've got a Skipton Lisa and I'd rather have it with Nottingham than Skipton as I've got a branch within walking distance (the closest Skipton is 30 miles away) and I've got other accounts with Nottingham, would be easier to have it in one place.
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