Lifetime ISA

All topics Lifetime ISA Can I change my LISA type?

Can I change my LISA type?

If you hold a Moneybox Cash Lifetime ISA, and would like to change this to a Moneybox Stocks & Shares Lifetime ISA, please reach out to the team via the in-app chat or by email to support@moneyboxapp.com and we’ll be able to help!

If you hold a Stocks & Shares LISA with us, at the moment it isn’t possible to change this to a Cash LISA. This is something we’re hoping to offer in the future, so keep an eye out for further updates.

However, you can sell down some or all of your investments and hold the proceeds as Available Cash within your LISA if you’d like. You can request this by heading to Settings > Withdraw, or by selling individual funds in Wealth > LISA > Portfolio. Money held in your Available Cash earns an interest rate of 2.50% AER.

The 25% penalty does not apply when selling investments to hold as Available Cash, as the funds have not left the LISA wrapper.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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