LISA - Partial Transfer Question

MisterMotivated

They would both take place after I turn 40, as LISAs still follow the tradition that this years subscriptions can only be transferred in full, therefore I'd need to wait until 23-24 year to do a partial transfer (assuming no provider would be happy for me to have an account sitting empty for 18 years).

tbh I think I may just abandon the idea, given the awkwardness of both the rules and the providers.  Ideally, the easiest solution would be to fund a cash LISA with £100 and my S&S LISA with £3,900 right now.  Of course, unlike regular ISAs, one cannot subscribe to both a cash and S&S LISA in the same tax year

masonic

MisterMotivated said:

They would both take place after I turn 40, as LISAs still follow the tradition that this years subscriptions can only be transferred in full, therefore I'd need to wait until 23-24 year to do a partial transfer (assuming no provider would be happy for me to have an account sitting empty for 18 years).

tbh I think I may just abandon the idea, given the awkwardness of both the rules and the providers.  Ideally, the easiest solution would be to fund a cash LISA with £100 and my S&S LISA with £3,900 right now.  Of course, unlike regular ISAs, one cannot subscribe to both a cash and S&S LISA in the same tax year

Ah, ok, it wasn't clear you were turning 40 before the end of this tax year. I thought you might have some weeks or months in the new tax year to complete phase 1 of the plan.

I still think the purchase of an individual gilt, maturing at the appropriate time, would be a simpler and potentially higher return alternative. At the point you purchase this, your return is locked in. It is not dissimilar to buying a fixed term savings product, except that its value will fluctuate before redeeming at £100.