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LISA vs Help to Buy ISA
Dubs96
Posts: 1 Newbie
Hello everyone,
I currently have a Help to Buy ISA with £11,000 saved, but want to take advantage of the bigger house price cap of the LISA. I can wait 12 months to be able to benefit from the LISA.
How do I make the most of the money I have now without losing out on any interest / government bonuses?
Should I move £4,000 now. £4,000 in April and then the rest in April 2025 or is there a better way of doing this please?
Thank you,
I currently have a Help to Buy ISA with £11,000 saved, but want to take advantage of the bigger house price cap of the LISA. I can wait 12 months to be able to benefit from the LISA.
How do I make the most of the money I have now without losing out on any interest / government bonuses?
Should I move £4,000 now. £4,000 in April and then the rest in April 2025 or is there a better way of doing this please?
Thank you,
0
Comments
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I don’t know a better way. Make sure you use the LISA provider’s xfer process rather than moving the money yourself.Dubs96 said:Hello everyone,
I currently have a Help to Buy ISA with £11,000 saved, but want to take advantage of the bigger house price cap of the LISA. I can wait 12 months to be able to benefit from the LISA.
How do I make the most of the money I have now without losing out on any interest / government bonuses?
Should I move £4,000 now. £4,000 in April and then the rest in April 2025 or is there a better way of doing this please?
Thank you,1
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