Transfer Cash Lisa to S&S Lisa after 40.

littlecub

Hi, 
My cash isa rate is pitiful, and I have completed my first time home purchase without using my cash LISA, therefore the lisa wont be touched for a fair few years at retirement.  I am happy to let my lisa sit for a further couple of decades but obviously want more than the 3% or so the nottingham is giving me, what are my options for transferring this cash lisa to a s&s lisa over 40 years of age. 

Alexland

littlecub said:

Hi, 
My cash isa rate is pitiful, and I have completed my first time home purchase without using my cash LISA, therefore the lisa wont be touched for a fair few years at retirement.  I am happy to let my lisa sit for a further couple of decades but obviously want more than the 3% or so the nottingham is giving me, what are my options for transferring this cash lisa to a s&s lisa over 40 years of age. 

AJ Bell still accept LISA transfers from over 40s and their main platform is attractive if you are going to continue to contribute to earn £1k LISA bonuses until age 50 because they eventually cap their platform fees once the account gets big enough if you hold exchange traded assets. If you are unlikely to build up a large account valuation (or at least not anytime soon) then their cut down Dodl LISA would likely work out cheaper on a small S&S LISA.