LISA vs Help to Buy ISA

Dubs96

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,

badger09

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,

I don’t know a better way. Make sure you use the LISA provider’s xfer process rather than moving the money yourself.