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Will my LISA receive Financial Services Protection above £85k
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GeoDoggo
Posts: 2 Newbie
I’m wondering (and I’m a good few years away from being in this situation) but what happens when my LISA reaches £85k+? Will the entire amount be protected under the financial services protection or just the first £85k and therefore is it worth putting money into a second one whilst I’m still young enough to pay into a LISA each year?
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Comments
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What type of LISA?
There are three protection schemes that LISAs can fall under depending on type.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
A regular savings LISA not a stocks and shares one.0
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