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When/If to do a Cash Lifetime ISA transfer to a S&S Lifetime ISA

pensionplanner123 · 2026-06-18 12:56:48

Just after a bit of advice (or what you might do in a similar situation?) for retirement planning. I am self-employed and currently have both a managed Stocks and Shares LISA (around 30K) and a Cash LISA (7.5K) I am using for retirement as I am already a homeowner. I opened the Cash LISA when I had more cautious approach…

Comments

El_Torro Posts: 2,336 Forumite

18 June at 3:50PM

You can access a LISA before you're 60. Either at no penalty in order to use as a deposit for your first property, or at a 25% penalty if you're not using it for that specific purpose.
Since the 25% penalty is more than the bonus from the government it's best to be OK with not accessing the money until you're at least 60.

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