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Accessing LISA income before 60
kidwell25
Posts: 58 Forumite
I'm doing calculations on how much income my savings will generate in the period between when I hope to stop working and when I start receiving my pension. I have a S&S LISA with HL (comprised of funds). I know if I were to withdraw money from that before I'm 60 it would be subject to a 25% penalty. I just wondered whether that would remain the case if I converted them all to income funds and only withdrew the *income*, leaving the capital untouched? (I fear so...)
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Any withdrawal from a LISA is subject to the same rules.
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