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Individual person combining two different LISAs for first time house purchase?
frugalpenguin20
Posts: 4 Newbie
Bare with me! A Cash LISA, and a Stocks and Shares LISA, can be owned by an individual as long as only one is paid into in the same tax year.
My question is, can a single person- first time buyer- combine the total sum of these two separate LISA accounts towards their first home?
Many thanks,
FrugalPenguin
My question is, can a single person- first time buyer- combine the total sum of these two separate LISA accounts towards their first home?
Many thanks,
FrugalPenguin
0
Comments
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Yes, as per https://www.gov.uk/guidance/lifetime-isa-withdrawals-for-a-first-time-residential-purchase#inv-decBefore making a withdrawal from a Lifetime ISA, the investor must give their purchasing conveyancer all the following information in a declaration:
- the full or partial withdrawal amount (or aggregated amount if more than one Lifetime ISA)
- [...]
1 -
eskbanker said:Yes, as per [...]Before making a withdrawal from a Lifetime ISA, the investor must give their purchasing conveyancer all the following information in a declaration:
- the full or partial withdrawal amount (or aggregated amount if more than one Lifetime ISA)
- [...]
Thank you very much for your auspicious and timely response0
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