S&S LISA? Novice question.

toothdoctor

HL don't accept LISA transfers. I partially transferred a skipton cash LISA to AJ Bell S&S LISA

girllikeme1

I've transferred Moneybox Cash LISA to AJ Bell S&S.

When the transfer goes through am I right in thinking AJ Bell will be holding it in cash and then I need to select my investments? I use Vanguard for my kids' ISAs - is it a similar process?

In April I will quickly open a Cash LISA with the best option at the time (so as to do it before I turn 40) so that I have both in situ but only invest in one per tax year.

poppy10_2

girllikeme1 wrote: »

I might be missing something but I'm trying to transfer to HL (the only one that says it accepts transfers in).

AJ Bell/YouInvest allows LISA transfers in

Notepad_Phil

girllikeme1 wrote: »

I've transferred Moneybox Cash LISA to AJ Bell S&S.

When the transfer goes through am I right in thinking AJ Bell will be holding it in cash and then I need to select my investments? I use Vanguard for my kids' ISAs - is it a similar process?

If you've transferred from a Cash LISA to the AJ Bell S&S LISA then yes the money will just be waiting for you to invest once it has been fully transferred over. I don't use Vanguard but I expect the process of trading is going to be similar.