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Made an error adding money to HL LISA
funkey_monkey
Posts: 398 Forumite
Hi,
I've got a Hargreaves Lansdown LISA which I wanted to add some money to. Unfortunately, I made a mess of the process and I've now created a S&S ISA alongside the LISA.
Essentially, I need to close the S&S ISA and transfer the funds into the pre-existing LISA.
Can I fix this myself and will this error invalidate my entitlement to the Government top-up?
Thanks.
I've got a Hargreaves Lansdown LISA which I wanted to add some money to. Unfortunately, I made a mess of the process and I've now created a S&S ISA alongside the LISA.
Essentially, I need to close the S&S ISA and transfer the funds into the pre-existing LISA.
Can I fix this myself and will this error invalidate my entitlement to the Government top-up?
Thanks.
0
Comments
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Yes, you can fix it yourself and no, it won't invalidate your bonus entitlement.
You are allowed to pay into both a S&S ISA and a S&S LISA in the same tax year anyway, but if you want to transfer the money from the former to the latter, you can do so via https://www.hl.co.uk/investment-services/lifetime-isa/transferring.
I'm assuming that you have enough headroom in your LISA (i.e. you won't be breaching the £4K annual allowance) if you were trying to fund this in the first place....0 -
If you don't want to keep the S&S ISA contact them quickly to withdraw and cancel within the cooling off period to avoid the account closure fee.0
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