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  • FIRST POST
    • jal-money
    • By jal-money 10th Apr 18, 8:35 PM
    • 2Posts
    • 0Thanks
    jal-money
    LISA and H2B
    • #1
    • 10th Apr 18, 8:35 PM
    LISA and H2B 10th Apr 18 at 8:35 PM
    Hope someone can confirm this for me, from what I've read I believe I can have and contribute to both a LISA and H2B ISA in the same tax year. I have just opened and contributed to a LISA but plan to continue to pay 200 a month into my H2B. Can someone please confirm that this is ok to do. Thank you
Page 1
    • CH2IS
    • By CH2IS 10th Apr 18, 8:52 PM
    • 24 Posts
    • 3 Thanks
    CH2IS
    • #2
    • 10th Apr 18, 8:52 PM
    • #2
    • 10th Apr 18, 8:52 PM
    That's correct, as I understand it. However, I think I'm right in saying that you can only use the bonus from one towards buying a home, so unless you are using the Lisa for retirement, it wouldn't make much sense.
    • diggingdude
    • By diggingdude 10th Apr 18, 11:15 PM
    • 387 Posts
    • 495 Thanks
    diggingdude
    • #3
    • 10th Apr 18, 11:15 PM
    • #3
    • 10th Apr 18, 11:15 PM
    i think you can, i am thinking about it as get a decent rate of interest on the h2b isa compared to many saving accounts and much better than my skipton LISA
    House Deposit - Target 20000 April 2019
    Current Savings - 10225 13121.22 14621.22 16021 17296
    • eskbanker
    • By eskbanker 11th Apr 18, 12:19 AM
    • 8,021 Posts
    • 8,940 Thanks
    eskbanker
    • #4
    • 11th Apr 18, 12:19 AM
    • #4
    • 11th Apr 18, 12:19 AM
    That's correct, as I understand it. However, I think I'm right in saying that you can only use the bonus from one towards buying a home, so unless you are using the Lisa for retirement, it wouldn't make much sense.
    Originally posted by CH2IS
    Yes, you are indeed right about the bonus choice, but in terms of sense, quite a few have decided to use the LISA bonus for their property purchase (given the larger annual allowance earning the 25% bonus) while continuing to pay into an HTB purely for the interest, which in many cases is better than that paid out by other cash deposit accounts. diggingdude appears to be in this camp....
    • jal-money
    • By jal-money 11th Apr 18, 1:29 PM
    • 2 Posts
    • 0 Thanks
    jal-money
    • #5
    • 11th Apr 18, 1:29 PM
    • #5
    • 11th Apr 18, 1:29 PM
    Thanks very much for the replies. That's exactly what I'm thinking eskbanker, going to use the LISA for a house purchase and keep the H2B purely as a savings account!
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