Skipton LISA transfer

ninjawatcher
ninjawatcher Posts: 46 Forumite
First Anniversary Combo Breaker
in ISAs & tax-free savings
Hi Folks, sorry if this has been asked before but i couldn't find anything in search.


I have LISA with Skipton which has been open for a year, my girlfriend also has a Skipton LISA but it can't be used till 2019, is it possible to transfer hers into mine so we can use it now rather than wait or be stung by the early withdrawal fee.


Thanks in advance for any advice.
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Comments

  • Ed-1
    Ed-1 Posts: 3,888 Forumite
    First Anniversary Name Dropper First Post
    ninjawatcher wrote: »
    Hi Folks, sorry if this has been asked before but i couldn't find anything in search.


    I have LISA with Skipton which has been open for a year, my girlfriend also has a Skipton LISA but it can't be used till 2019, is it possible to transfer hers into mine so we can use it now rather than wait or be stung by the early withdrawal fee.


    Thanks in advance for any advice.

    No it's an ISA (individual savings account) and ISA transfers can only be done between accounts in the same name.
  • Alexland
    Alexland Posts: 9,653 Forumite
    First Anniversary Photogenic Name Dropper First Post
    No they are individual accounts not possible to transfer to other people.

    To avoid the early access penalty you might want to transfer her LISA to a S&S provider (such as AJ Bell) and invest it for her retirement?

    Alex
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