Lifetime ISA

All topics Lifetime ISA Can I have a Lifetime ISA and a Help to Buy ISA?

Can I have a Lifetime ISA and a Help to Buy ISA?

You can have a Help to Buy ISA and a Lifetime ISA at the same time, and pay into both accounts in the same tax year, but you can only use the bonus from one of them towards buying a home.

If you have a Help to Buy ISA you’d like to transfer to Moneybox, you can request a transfer in the app in Settings > Transfer in an existing ISA. Once you’ve submitted your details, we’ll contact your current provider, and most transfers will typically complete within 3 weeks.

Please note that all transfers in must be processed digitally. You can find out more about which providers are supported here.

What’s the difference between the Lifetime ISA and the Help to Buy ISA? Read our blog post and see our comparison table below:

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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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