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LISAs and Help To Buy when moving abroad
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)?
Comments
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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
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