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.

You can also transfer a Help to Buy ISA into a Lifetime ISA. Please note that transferred funds count as contributions in the tax year the transfer is made, rather than the tax year the funds were originally paid into the Help to Buy ISA.

If you have a Help to Buy ISA you’d like to transfer to Moneybox, you can request a transfer form in the app by going to Settings, then tapping on ‘Transfer’ and ‘Transfer in’. All transfers are currently being processed electronically, so we’ll need to receive the completed transfer form either via the in-app chat, or via email at support@moneyboxapp.com.

Please note that we currently aren’t able to accept ISA or LISA transfers in from Ulster Bank, One Family, Chelsea Building Society, and National Counties, and we’re unable to accept LISA transfers in from Paragon.

What is the difference between the Lifetime ISA and the Help to Buy ISA? Read our blog post and see our comparison table below.