Can I transfer a Cash ISA into a Lifetime ISA?

Yes, you can transfer money from a cash ISA to a Lifetime ISA (LISA). The cash you transfer will qualify for the 25% government bonus.

Keep in mind you can only subscribe up to £4,000 a year into a LISA so be careful to not exceed this.
Furthermore, if your cash ISA isn’t flexible, any payments you’ve already made into your cash ISA will have been counted towards your annual £20,000 ISA allowance.

- Submitted on 5th Apr 2021

Did this answer your question?