Lifetime ISA - retirement

ChristieJayne

Hi, I’ve just signed up to the Moneybox LISA and read this in their T&Cs:
“You have not and will not subscribe more than the overall subscription limit in total to a Cash ISA, Stocks and Shares ISA, Lifetime ISA and an Innovative Finance ISA in the same tax year.”
Does this mean I can still open a stocks and shares ISA as well as long as I don’t go over the ISA threshold of £20k a year? 

TIA

Alexland

ChristieJayne said:

Hi, I’ve just signed up to the Moneybox LISA and read this in their T&Cs:

Hopefully it's the S&S version if you are putting money away for retirement. Moneybox's website is not great as they list both types of LISA under their "Home Buying" tab (even though most home buyers should stick to cash) and only have their pension under their "Retirement" tab (when they should also mention the S&S Lifetime ISA).

Also depending on your circumstances have you considered if contribuing (more) into a workplace pension could be more efficient?

ChristieJayne said:

Does this mean I can still open a stocks and shares ISA as well as long as I don’t go over the ISA threshold of £20k a year?

Yes you could put up to £4k into a S&S LISA and up to £16k in total across the other 3 types of ISA each tax year.

Polly05

ChristieJayne said:

Hi, I’ve just signed up to the Moneybox LISA and read this in their T&Cs:
“You have not and will not subscribe more than the overall subscription limit in total to a Cash ISA, Stocks and Shares ISA, Lifetime ISA and an Innovative Finance ISA in the same tax year.”
Does this mean I can still open a stocks and shares ISA as well as long as I don’t go over the ISA threshold of £20k a year? 

TIA

Yes I'm sure u can. Up to £4k in LISA and u can put whatever you want onto cash/S&S ISAs as long as its under £16k so £20k a total. Per year.