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  1. #1

    H2B ISA > LISA Transfer and Allowance

    Hi,


    I'm trying to get my ducks in a row ahead of the deadline on 05/04/18 to transfer any H2B ISA savings into a Lifetime ISA.


    What I'm struggling to understand is how much is transferrable under each of the financial year's I've saved, and how much allowance I will have remaining for 18-19, if any.

    I can't attach a file to show this unfortunately, and any spreadsheet paste messes up the layout to make no sense.


    Essentially:
    H2B opened March 2016. Maximum 200 put in each month.
    Lifetime ISA opened June 2017. Minimum 1 deposited to get clock ticking.


    H2B March 2016 to March 2016 = 3400
    H2B April 2016 to end March 2017 = 2400
    Expected H2B by end March 2018 = 2400
    Additional Cash Savings (saved in current accounts) predicted by April 2018 = 2,850.

  2. #2

  3. #3
    Hi, yes I've already seen that thanks but the specific amounts in each FY I'm not clear on based on my timeline and monies

  4. #4
    This can't be right - you can only pay 200 per month in, plus an extra 1,000 in the first month, so you can't have paid 3400 into a HTB ISA in one month!

  5. #5
    H2B ISA March '16 to March '17 = 3400.


    The only interest I've received was in April 2017 for my H2B ISA. This looks like I will miss the next interest payment (@ 3.5%) if I transfer my total H2B funds into my LISA (by another provider) before April 2018.


    So I will have 1,250 ready to place in my LISA for 18-19, leaving 2,750 for the rest of the year.


 

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