Skipton LISA transfer

ninjawatcher

Hi Folks, sorry if this has been asked before but i couldn't find anything in search.


I have LISA with Skipton which has been open for a year, my girlfriend also has a Skipton LISA but it can't be used till 2019, is it possible to transfer hers into mine so we can use it now rather than wait or be stung by the early withdrawal fee.


Thanks in advance for any advice.

Ed-1

ninjawatcher wrote: »

Hi Folks, sorry if this has been asked before but i couldn't find anything in search.


I have LISA with Skipton which has been open for a year, my girlfriend also has a Skipton LISA but it can't be used till 2019, is it possible to transfer hers into mine so we can use it now rather than wait or be stung by the early withdrawal fee.


Thanks in advance for any advice.

No it's an ISA (individual savings account) and ISA transfers can only be done between accounts in the same name.

Alexland

No they are individual accounts not possible to transfer to other people.

To avoid the early access penalty you might want to transfer her LISA to a S&S provider (such as AJ Bell) and invest it for her retirement?

Alex