Deposits And Withdrawals

How can I move money from another account into my Moneybox Lifetime ISA?

You can move up to £4,000 each tax year (or your remaining LISA allowance for the tax year) from your Moneybox ISA, Simple Saver, or Reward Savings Account to your LISA in Settings > Move money between accounts.

Once you’ve confirmed your move money request in the app, this will be complete within:

  • 1-2 working days if you’re moving into a Cash LISA or Available Cash within your Stocks & Shares LISA, or;
  • 3-6 working days if you’ve opted to invest your money in your Stocks & Shares LISA. 

We’ll send you an email to confirm when your move has completed, and you’ll receive the 25% government bonus on any funds transferred into your LISA.

 

Moving money from an ISA to a LISA

You can request to move funds from an ISA to your Lifetime ISA in Settings > Move money between accounts. 

For Stocks & Shares ISA customers, you’ll need to sell down some investments to Available Cash first, which can be done in Accounts > ISA > Portfolio by selecting the fund and tapping ‘sell’. Once you’ve opted to sell, the funds should arrive in your Available Cash within 3-5 working days, ready for you to move to your LISA.

For Cash ISA customers, you can request a move of any completed deposits straight away. Moving money from a Cash ISA to a Moneybox LISA does not count towards the 3 withdrawals you can make within each 12 month period without affecting your Cash ISA interest rate.

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It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

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