LISA vs Help to Buy ISA

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,

Comments

  • badger09
    badger09 Posts: 11,056
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    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. 
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