LISA and moving abroad
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PetitJacques
Posts: 1 Newbie
My daughter is starting a teaching contract in Bangkok for 2 years. Can she still open and pay into a LISA?
She won't be paying tax in the UK.
Thanks
She won't be paying tax in the UK.
Thanks
0
Comments
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As per https://www.gov.uk/individual-savings-accounts/if-you-move-abroad-or-die:If you open an Individual Savings Account (ISA) in the UK and then move abroad, you can’t put money into it after the tax year that you move (unless you’re a Crown employee working overseas or their spouse or civil partner).
You must tell your ISA provider as soon as you stop being a UK resident.
However, you can keep your ISA open and you’ll still get UK tax relief on money and investments held in it.
You can pay into your ISA again if you return and become a UK resident (subject to the annual ISA allowance).0
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