Managing Surplus Funds Between a LISA and Help to Buy ISA

jacobmorgans60

My partner and I are both saving for a house deposit, and we’re using both a Lifetime ISA (LISA) and a Help to Buy ISA (H2B) to contribute towards it. I have a LISA, and my partner has a H2B ISA.

We’re wondering how best to manage any surplus funds left over after contributing to both accounts. Specifically, should we put all the remaining amount into the H2B ISA first, and then use the LISA for any balance beyond that, or is there a better way to manage the surplus?

Also, if there’s still leftover money after maximising both accounts, what would be the best option for saving it without impacting our deposit fund?

Any advice would be much appreciated!

sheramber

To get the bonus on the Help  to Buy ISA you must close  it. 

The bonus is calculated on the final balance so if you just withdraw the money you will not get the bonus.

You can no longer open a Help to Buy ISA so you would not be able to put  any excess funds into a new Help to Buy ISA.