We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
LISAs and Help To Buy when moving abroad

mashermags
Posts: 1 Newbie
As I understand it, you can only make payments into an ISA whist resident in the UK. Therefore, you must suspend any payments and notify your provider if you move abroad, even temporarily for work purposes. Is that correct?
My main question is - if you temporarily (say for 12 or 18 months) move abroad to work, can you resume payments into your LISA/HTB ISA on your return to the UK? And would there be any impact on the special benefits (particularly the bonus)?
My main question is - if you temporarily (say for 12 or 18 months) move abroad to work, can you resume payments into your LISA/HTB ISA on your return to the UK? And would there be any impact on the special benefits (particularly the bonus)?
0
Comments
-
https://www.gov.uk/individual-savings-accounts/if-you-move-abroad
If you open an Individual Savings Account (ISA) in the UK then move abroad, you cannot put money into it after the tax year that you move (unless you’re a Crown employee working overseas or their spouse or civil partner).
You must tell your ISA provider as soon as you stop being a UK resident.
However, you can keep your ISA open and you’ll still get UK tax relief on money and investments held in it.
You can transfer an ISA to another provider even if you are not resident in the UK.
You can pay into your ISA again if you return and become a UK resident (subject to the annual ISA allowance).
No effect on bonus payments for HTB or LISA.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.3K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.2K Work, Benefits & Business
- 597.7K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards