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    • kevtrader
    • By kevtrader 11th Mar 18, 10:39 PM
    • 3,236Posts
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    kevtrader
    Should I open new HTB Isa after transfer into LISA
    • #1
    • 11th Mar 18, 10:39 PM
    Should I open new HTB Isa after transfer into LISA 11th Mar 18 at 10:39 PM
    I am thinking of transferring my current Help to Buy Isa into a LISA in order to get the bonus. In the new tax year (18/19) will I be able to open a new HTB Isa even though I already have had one and closed it in the 2017/18 tax year?

    Also will I be able to transfer the whole of the 17/18 LISA totaling around 10k into a 18/19 cash LISA?

    Thanks
    Waddle you do eh?
Page 1
    • bowlhead99
    • By bowlhead99 12th Mar 18, 6:49 AM
    • 7,824 Posts
    • 14,291 Thanks
    bowlhead99
    • #2
    • 12th Mar 18, 6:49 AM
    • #2
    • 12th Mar 18, 6:49 AM
    I am thinking of transferring my current Help to Buy Isa into a LISA in order to get the bonus. In the new tax year (18/19) will I be able to open a new HTB Isa even though I already have had one and closed it in the 2017/18 tax year?
    Originally posted by kevtrader
    Yes. Although most people would not want to - when you come to buy your property, you can only use LISA *or* HTB not both, and LISA allows you to use more free money, quicker. If you buy the property using the HTB you would have to wait until retirement age to cash out the LISA penalty free.
    Also will I be able to transfer the whole of the 17/18 LISA totaling around 10k into a 18/19 cash LISA?
    Yes, if you can find a cash LISA provider you like which accepts transfers.
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