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Can we trade stocks/funds under LISA if we already have another Stock & Shares ISA?

rachelwslrachelwsl Forumite
3 Posts
First Post
MoneySaving Newbie
Can we trade stocks/funds under LISA if we already have another Stock & Shares ISA? 
As we can only invest in 1 S&S Isa in any given year, can I still trade shares/funds under LISA?

Replies

  • edited 11 July 2020 at 10:42AM
    colstencolsten Forumite
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    edited 11 July 2020 at 10:42AM
    In a word: yes.

    Your only restriction is the amount of new money you can deposit each year overall, and into the LISA. Once the money is in the ISA wrappers, you can deal with it to your heart's content, in all your ISA wrappers.
  • masonicmasonic Forumite
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    A Lifetime ISA and a S&S ISA are two different types of ISA. You can pay new money into one of each per tax year, and once inside an ISA, investments can be traded within an unlimited number of ISAs.
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