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Have I opened two cash ISAs in the same year?
MoneyAlex
Posts: 1 Newbie
I've opened a cash Lifetime ISA and a Help to Buy ISA in the same tax year. I thought that the Lifetime ISA was a different type of ISA to Help to Buy but now am thinking are they both cash ISAs? Have I broken the rules? Thanks
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Comments
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You're fine - cash ISAs (including HTB) and Lifetime ISAs (cash or S&S) are different types, as per https://www.gov.uk/individual-savings-accounts:
Just to check, you do know that you can only benefit from the 25% bonus from one or the other (but not both) towards your first property purchase?There are 4 types of ISA:- cash ISAs
- stocks and shares ISAs
- innovative finance ISAs
- Lifetime ISAs
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