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Transferring ISA to LISA
Would appreciate your help as this is confusing the hell out of me.
I've been paying 200 a month into a help to buy ISA and have amounted 8 and a half k.
I'm looking at transferring my ISA into a LISA as it seems to be the better option and offer a bit more flexibility.
From what I understand I can only transfer the first 4k into it within each tax year, but this doesn't count towards my overall ISA allowance (20k?)?
Can I not just simply transfer the ISA into a LISA (all in), or does it not work like this?
Thanks in advance!
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