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HELP TO BUY ISA & LISA
KATIELL
Posts: 4 Newbie
Hi
My son is looking to buy a house next year and has a help to buy isa & a LISA, he knows he can only use 1 of the bonus's but wants to know should he be moving the money from his H2B (he's at the max) into his LISA, leave it there just getting interest, or is there somewhere else he should move it to to get more interest?
My son is looking to buy a house next year and has a help to buy isa & a LISA, he knows he can only use 1 of the bonus's but wants to know should he be moving the money from his H2B (he's at the max) into his LISA, leave it there just getting interest, or is there somewhere else he should move it to to get more interest?
0
Comments
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If he's decided to use the LISA rather than the HTB then making the most use of the annual LISA allowance of £4K is the obvious thing to do, and for the rest of the HTB money, earning the most in interest is very much the MSE style, so transferring that to a market-leading standard cash ISA is likely to be optimal, assuming the HTB rate is uncompetitive.0
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