We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
LISA dividend question
fromscratch
Posts: 21 Forumite
If you have funds/ETFs that pay dividends in a LISA (income ones not accumulation that is automatically re-invested in the fund), are you able to withdraw then from the LISA whenever you want without incurring the withdrawal penalty- becuase they are not contributions you have made? Or is everything in the LISA off limits until it matures for retirement or buying first home?
What if you have a cash LISA- can you withdraw interest (not the government bonus), or is it all stuck in there?
Thank you wise people
What if you have a cash LISA- can you withdraw interest (not the government bonus), or is it all stuck in there?
Thank you wise people
0
Comments
-
You can withdraw money from your ISA if you’re:
- buying your first home
- aged 60 or over
- terminally ill, with less than 12 months to live
0 -
I get that, I was just checking if it included dividends and interest or the rules only applied to contributions and the government bonus?Mark_d said:You can withdraw money from your ISA if you’re:
- buying your first home
- aged 60 or over
- terminally ill, with less than 12 months to live
0 -
Includes everything, interest, dividends etc I believe.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.7K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.7K Work, Benefits & Business
- 619.4K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards