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Help 2 Buy For my daughter
Sir_Artois
Posts: 49 Forumite
I've had a quick look and cant find another thread with this question (that being said, i'm at work and havn't masses of time..)
As the deadline is approaching for help2buy, can i take one out for my daughter & transfer it across when she's old enough..??
Thanks
As the deadline is approaching for help2buy, can i take one out for my daughter & transfer it across when she's old enough..??
Thanks
0
Comments
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err no. Whats wrong with LISA?0
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err no. Whats wrong with LISA?
Hi, thanks for replying.
I don't know of them, oooh tell me
i thought there was a deadline for help2buy (end of Nov) and i thought i heard a mention on martin lewis show yesterday saying to take one out for kids (half paying attention so maybe i was wrong!)0 -
he was probably suggesting people take them out even if they have no current plans just to get them started.
I do not believe they can be opened on behalf of someone too young at the moment.
google the lifetime ISA. It has some similar benefits.0 -
Lifetime ISA is sort of the replacement for HTB ISA, but there are differences explained here:
https://blog.moneysavingexpert.com/2016/04/the-help-to-buy-isa-v-lifetime-isa-which-should-first-time-buyers-get/
I assume Martin urged FTB to open HTB ISA "just in case" for kids over 16 that are eligible, not for younger kids.
In any case you can't open the account in your name and then "transfer" it to someone else.0
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