LISAs

372 Posts


So last year I opened a cash LISA (for retirement) and a Stocks and shares ISA.
I've decided that this tax year, I won't pay into the cash LISA anymore. But want to open a S&S LISA instead.
So going forward, I'll pay into the S&S LISA and the normal S&S ISA.
Thats allowed, isn't it?
Thanks!
I've decided that this tax year, I won't pay into the cash LISA anymore. But want to open a S&S LISA instead.
So going forward, I'll pay into the S&S LISA and the normal S&S ISA.
Thats allowed, isn't it?
Thanks!
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A cash LISA is an odd choice for retirement money (given the overwhelming likelihood of real-terms value loss to inflation) so you'd probably be best transferring that into the S&S LISA....
Limits are a) £4000 contribution limit to LISA, b) £20,000 contribution limit across all ISA types per tax year.
If you have contributed more than a token amount to the cash LISA would probably sensible to look into transferring to S and S LISA.
Thanks