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Help you buy or lifetime isa
Aimeeshep10
Posts: 1 Newbie
Just been reading up on LISA's.
Am currently saving with a help you buy ISA with Natwest.
Can anyone recommend what's better?
Can I transfer my help you buy isa to a LISA... If so, what company is best?
Thankyou.
Am currently saving with a help you buy ISA with Natwest.
Can anyone recommend what's better?
Can I transfer my help you buy isa to a LISA... If so, what company is best?
Thankyou.
0
Comments
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They each have their pros and cons, helpfully summarised in the MSE article at https://www.moneysavingexpert.com/savings/lifetime-isas/, which also lists best buys. In general, LISA will be better if you're definitely going to be buying and doing so in at least a year's time....
If you decide on a LISA and pick one that accepts transfers then yes, you can transfer in up to £4K of your HTB money per tax year, or if you have unused headroom in your annual £20K ISA allowance you can withdraw up to £4K from HTB and redeposit into LISA without transferring as such.0
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