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2x Lifetime ISAs open at the same time
ForumUser7
Posts: 2,528 Forumite
Can you have a Stocks and Shares Lifetime ISA and Cash Lifetime ISA open at the same time please? With the understanding that you only pay into 1 of them each tax year. Thanks
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
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Comments
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You can pay into both of them in the same tax year so long as you don't pay more than £4k in total.1
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Found on the government website this though:dcs34 said:You can pay into both of them in the same tax year so long as you don't pay more than £4k in total.You can only pay into one Lifetime ISA in a tax year. The maximum you can pay in is £4,000.
https://www.gov.uk/individual-savings-accounts/how-isas-work
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
Yes, that’s exactly right. No idea why it wasn’t made possible to pay into both as part of the new ISA freedoms, but we are where we are.ForumUser7 said:Can you have a Stocks and Shares Lifetime ISA and Cash Lifetime ISA open at the same time please? With the understanding that you only pay into 1 of them each tax year. Thanks
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