We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
-
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards