LISA CASH 22 March 2022 at 9:02AM in ISAs & tax-free savings 2 replies 103 views

seasider02

just a quick question - have help to buy wanting to open cash Lisa . Money box won’t allow transfer due to date. Want to keep both Htb and Lisa at the moment. Can I just withdraw £4000 from htb and put into Lisa. I can’t see any problem just wanted to run through here in case any implications? Many thanks 

george4064

Nothing wrong with that, just that the money will lose it’s ISA status and therefore use up £4k of your £20k ISA allowance. If you’re nowhere near reaching the £20k limit for the tax year then you’re fine to do this.

seasider02

Hi I get what you are saying. it would be for this tax year so that would be great.  Thanks for that.  There aren't many Cash LISA's about and the moneybox was the best rate.