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Lifetime ISA Bonus Pending Mid Transfer
Z321
Posts: 9 Forumite
Hi,
I did something a bit silly without realising with my Lifetime ISA, I transferred it to a new provider (via the correct route, i.e. the money was transferred ISA to ISA via the banks), but I have a pending Government bonus in the old ISA which I totally forgot about. Will I still receive the bonus? The money has been removed from my old provider and is currently pending in my new provider. Really hope I haven't messed anything up here!
Any advice appreciated.
I did something a bit silly without realising with my Lifetime ISA, I transferred it to a new provider (via the correct route, i.e. the money was transferred ISA to ISA via the banks), but I have a pending Government bonus in the old ISA which I totally forgot about. Will I still receive the bonus? The money has been removed from my old provider and is currently pending in my new provider. Really hope I haven't messed anything up here!
Any advice appreciated.
0
Comments
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The old provider should forward the bonus to the new one once received:If the transferring Lifetime ISA manager has submitted a government bonus claim and it has not been received before the transfer, it’s their responsibility to transfer the government bonus to the new Lifetime ISA manager.https://www.gov.uk/guidance/transfer-lifetime-isas-between-managers1
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