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    • adbarrett
    • By adbarrett 13th May 18, 11:32 PM
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    adbarrett
    LISA/Junior ISA with Administration Order
    • #1
    • 13th May 18, 11:32 PM
    LISA/Junior ISA with Administration Order 13th May 18 at 11:32 PM
    Hi,

    I have a friend who has an administration order. Would she be able to get a LISA or would this cause problems with the administration order? What about a junior ISA for her daughter?

    Thanks!
    Last edited by adbarrett; 13-05-2018 at 11:37 PM.
Page 1
    • Alexland
    • By Alexland 14th May 18, 12:21 PM
    • 2,389 Posts
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    Alexland
    • #2
    • 14th May 18, 12:21 PM
    • #2
    • 14th May 18, 12:21 PM
    I guess it depends on the terms of the court order (which she should have been provided with) however provided she is making the required monthly payments then I see no reason why she cannot save other surplus income.

    If she falls behind in repayments then this might be an issue as the LISA has a withdrawal penalty and the court might take a view on gifting the money (that could have otherwise been used for repayment) to a child via a Junior ISA.

    Alex.
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