Over 40 and wanting to Transfer a LISA

tryingtogetmyheadaround

Just to confirm today (22nd January) was the first day able to pay into my new LISA with EQi. I received a letter in today's post from my Building Society who I had opened a Cash LISA with (before turning 40), saying a cheque with my balance of my cash LISA has been sent to EQi.
I now hold a Stock's and Shares ISA with EQi. The whole process so far has been 24 days, and guess a few more days for the cheque to clear and the funds show.
A big thank you to Alexland, I was almost about to not bother with the LISA as I couldn't find anyone who would take on a transfer for an over 40 year old customer.
The only downside with EQi I have had is calling latter in the day I seem to get a call center in India who are useless for not the normal questions!!! However I can live with this.

masonic

tryingtogetmyheadaround said:

The only downside with EQi I have had is calling latter in the day I seem to get a call center in India who are useless for not the normal questions!!! However I can live with this.

It seems Interactive Investor is trying to acquire EQi, so there could be some change to come, unlikely the current pricing will be maintained if the deal goes through.

dwhl

Hi all,
just read this thread with interest.  Could you confirm that you can open a S+S LISA despite being over 40 years old so long as the account opens upon transfer of a pre-existing cash LISA/s+s LISA from another LISA provider.  When I looked into this last year I had no joy from EQi...see thread..
https://forums.moneysavingexpert.com/discussion/6159491/transfer-of-cash-lisa-to-s-s-lisa/p1

many thanks 

masonic

dwhl said:

Hi all,
just read this thread with interest.  Could you confirm that you can open a S+S LISA despite being over 40 years old so long as the account opens upon transfer of a pre-existing cash LISA/s+s LISA from another LISA provider.  When I looked into this last year I had no joy from EQi...see thread..
https://forums.moneysavingexpert.com/discussion/6159491/transfer-of-cash-lisa-to-s-s-lisa/p1
many thanks 

Yes, EQi has confirmed to me that they accept LISA transfers from those over 40, and someone else has completed such a transfer recently. Suspect you were given incorrect information, or the situation has changed.

dwhl

Thank you
would you be able to direct me to the printable application form? I can only find the online application form at present.

Alexland

dwhl said:

would you be able to direct me to the printable application form? I can only find the online application form at present.

at https://eqi.co.uk/info/forms there is a link to a combined LISA opening and transfer form.

https://eqi.co.uk/media/2876/eqi-lifetime-isa-application.pdf

dwhl

Thank you all