Help to buy isa/Lisa

makemerich12

Hello all,
I currently hold both of the above and i know my h2b will end in 2030 i'm not so sure if the lisa does?
But my main question is are they even worth it now?
What happens if i don't find a house by 2030 or even want to but one by then?
i know if i redraw the money i take a 25% lose of what i've currently got but that's the stage I'm thinking of doing

masonic

There are no plans to end the LISA scheme. If you decide not to use a LISA to buy your first home, then you still have the option to use penalty free from age 60.

There is not much to justify holding on to the HTB ISA though if you already have a reasonable sum in a LISA.

makemerich12

masonic said:

There are no plans to end the LISA scheme. If you decide not to use a LISA to buy your first home, then you still have the option to use penalty free from age 60.

There is not much to justify holding on to the HTB ISA though if you already have a reasonable sum in a LISA.

I'll have a think about moving it to my lisa then , As i don't think your allowed to pay into both the lisa and h2b on the same year otherwise i would of till 2030

masonic

You are allowed to pay into both. You are not allowed to use both for your property purchase though.