Help To Buy ISA

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Red_Juan
Red_Juan Posts: 4 Newbie
in ISAs & tax-free savings
Hello,

I've been saving regularly in a Halifax Help To Buy ISA for about 4 years now, the maximum £200pcm. I have £8k-ish in the account.

I've recently purchased a house which was above the outside of London threshold so I couldn't apply for the Government 'uplift'.

Can I still continue to save in the ISA and accrue the interest in the knowledge that I'll now never be using the ISA for what I originally opened it for?

Equally, I'll never be attempting to claim the Government uplift.

Halifax have told me 2 different things now and seem to be as confused as I am!

Thanks!

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  • masonic
    masonic Posts: 23,277 Forumite
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    You no longer qualify for the account as you are not a FTB. You can transfer it to another cash ISA (or S&S etc) or close it. At some point you will need to confirm you still meet the account criteria (probably at the start of the next tax year).
  • Alexland
    Alexland Posts: 9,653 Forumite
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    Yes as a property owner you are no longer eligible to hold the HTB ISA account. If you are interested in investing for the long term consider a S&S Lifetime ISA or additional pension contributions depending on your age and tax position.
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