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    • cybervic
    • By cybervic 6th Mar 18, 2:47 PM
    • 392Posts
    • 528Thanks
    opening LISA before 40.
    • #1
    • 6th Mar 18, 2:47 PM
    opening LISA before 40. 6th Mar 18 at 2:47 PM
    Hi all, I'm turning 40 in 2 days time but still reading up pros and cons to decide which S&S LISA provider I should go for.

    Can I open a LISA with either Nutmeg/MoneyBox (whose transfer fee is zero) or Skipton(cash LISA) now, pay the money before 40th birthday, and transfer to my desire provider when I am able to make the decision in few weeks time?

    If it's possible, do I have to do it within the same tax year?

    Last edited by cybervic; 06-03-2018 at 2:54 PM.
Page 1
    • Rich2808
    • By Rich2808 6th Mar 18, 6:17 PM
    • 605 Posts
    • 457 Thanks
    • #2
    • 6th Mar 18, 6:17 PM
    • #2
    • 6th Mar 18, 6:17 PM
    It doesn’t really matter. Just open one in the next 24 hours.

    You can open/transfer as you wish later – but once you hit 40 its too late.

    Skipton’s lifetime cash isa can be opened online and you can invest immediately with a debit card. You can open a different lifetime isa e.g. stocks and shares from 6 April.
    • Alexland
    • By Alexland 6th Mar 18, 7:20 PM
    • 2,388 Posts
    • 1,789 Thanks
    • #3
    • 6th Mar 18, 7:20 PM
    • #3
    • 6th Mar 18, 7:20 PM
    Skipton accept a £1 initial deposit with no transfer out fee - as above just do it quickly to keep your options open.
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