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Who can pay into H2B ISAs and LISAs?

DeadTall
Posts: 27 Forumite


Am I right that anyone can pay into a H2B ISA - i.e. parents can pay into their children's H2B ISAs, but only the account holder can pay into a LISA?
I've seen conflicting information online - the Hargreaves Lansdown site says "Under HMRC rules, a Lifetime ISA can only be opened and topped up by the account holder."
In contrast the Which? website says "Parents and grandparents can also pay into a lifetime Isa opened by their child or grandchild"
MoneyBox website says "four gifters can add money to your LISA per tax year, with a minimum of £100 and a maximum of £500 each."
Thanks in advance
I've seen conflicting information online - the Hargreaves Lansdown site says "Under HMRC rules, a Lifetime ISA can only be opened and topped up by the account holder."
In contrast the Which? website says "Parents and grandparents can also pay into a lifetime Isa opened by their child or grandchild"
MoneyBox website says "four gifters can add money to your LISA per tax year, with a minimum of £100 and a maximum of £500 each."
Thanks in advance



0
Comments
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https://www.gov.uk/guidance/manage-isa-subscriptions-for-your-investors#cash-subscriptions
Cash subscriptions
Investors can subscribe cash to each type of ISA. They must subscribe with their own cash, and this includes payment by cheque, direct debit, charge card, credit card, telegraphic transfer and standing order. Cash subscriptions from third parties can be accepted without question unless the ISA manager holds information that shows that the cash does not belong to the investor.
However, individual institutions can set their own product terms too....0
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