Transferring a Lifetime ISA

magicarpet

Is there a lifetime ISA that accepts transfers in for over 40s?

I have a LISA with share centre. They are being amalgamated into interactive investor and will charge £10 per month to hold the account.

But Hargreaves Lansdown, AJ Bell, Nottinghamshire, Moneybox, won't let me transfer the LISA in, this seems to be because over 40s cannot open new LISA accounts.

Don80

It's up to the provider - I believe Nottingham BS won't let you do this, Moneybox should if I am reading the MSE page correctly.  
"Accepts transfers? Yes, from most providers, with no age limit (but non-LISA transfers in will eat up your LISA allowance)" unless that applies to a CASH LISA only - the info on Stocks and Shares just says yes... It would seem odd to allow someone 40+ top open and transfer a cash LISA but not a S&S one.
https://www.moneysavingexpert.com/savings/lifetime-isas/

Alexland

If you want a S&S LISA to invest for age 60+ then the Hargreaves Lansdown's LISA account online application form still asks if you have an existing LISA and if so directs you to download their LISA transfer form. Also when I enter a DOB over 40 it seems to accept it provided that you say you already have a LISA. I didn't go all the way through the process to see if the logic later rejects it. It goes against their FAQ document but it's within the LISA rules so might be worth a try to see if they will do it? Also have you checked Equiniti EQi's LISA?

If you are putting money aside for 20 years then it's likely to be better to stay in S&S rather than move to cash for the fees saving. Eventually as the account balance grows the fees (even at the II fixed rate) will be a less significant proportion of the portfolio's value.