Lifetime ISA x2

Danny-r · 7 October 2018 at 2:41PM

Hi,

Currently just I have a LISA but we're looking to open a second in my wife's name for any overflow savings above the £4k annually.

Is this fairly simple to handle or does it complicate things when you get to the actual house buying stage?

Thanks in advance,

Danny

masonic · 7 October 2018 at 3:10PM

It should be fairly inconsequential, especially if you use the same provider and therefore should have the same experience when you come to use the money.

Alexland · 7 October 2018 at 3:52PM

Yes it's just another funding source for the solicitor nothing too taxing. Might as well do it for the additional bonus. Just remember it needs to be open 12 months from the initial contribution before it can be used without penalty on a qualifying property purchase.

Lifetime ISA x2

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