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Minimising tax when investing for children

Transferring to the HL Lifetime ISA

Get a boost of up to £1,000 from the government when transferring to our Lifetime ISA
Important information - please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances. Investing should be considered over the long-term. Money in a Lifetime ISA can be withdrawn to purchase a first home or at age 60. Early withdrawals will usually be subject to a 25% penalty. If you are transferring, please ensure you won't incur excessive exit fees.

Adults under 40 (or those already with a Lifetime ISA) can transfer existing ISAs to the HL Lifetime ISA to use towards their first home or later life. Simply complete one of our transfer forms and we’ll look after the rest of the transfer for you.

Why transfer to us?

The HL Lifetime ISA allows you to invest in the stock market to grow your money and potentially reach your goals quicker.

  • Peace of mind – choose the UK’s leading investment platform, already trusted by over 876,000 clients with £70 billion
  • Expert guidance – see the latest research and investment ideas from our experts to help you choose from a range of investments. Please remember investments can fall in value as well as rise, so you could get back less than you invest
  • Easy to manage – keep up-to-date with your investments online or using our new app for mobile
  • Great value – no set-up or transfer-in charges, no charges for buying or selling funds, a low cost reinvestment service and an annual fee of just 0.45% or less. See our charges.

Which ISA do you want to transfer?

What do I need to know before I transfer?

  • You can transfer from your Help to Buy ISA as valued at 5 April 2017 (plus any interest due for the period) to the Lifetime ISA in the 2017/18 tax year
  • This first transfer will not count towards your Lifetime ISA allowance and you will receive the 25% government bonus on the value of the transfer at the end of the first year (see example).
  • If you use the Lifetime ISA to purchase a property within the first 12 months you will not receive the government bonus.
  • Any further transfers from a Help to Buy ISA will receive the government bonus but will count towards your Lifetime ISA allowance.
  • If you choose to invest following your transfer, please note that investments don’t offer the same security as cash and can fall in value so you could get back less than you invest.

How do I transfer my Help to Buy ISA?

Please read the Key Features, Terms & Conditions (including tariff of charges) and Important Investment Notes. Before transferring, please ensure you won't incur excessive exit fees.

  1. Download and complete our Lifetime ISA transfer form
  2. Return the form to Freepost HARGREAVES LANSDOWN.

We’ll look after the rest and let you know once the transfer completes

Download your transfer form

Expert Q&A: Help to Buy ISA transfers

Listen to our experts answer some commonly asked questions about transferring from a Help to Buy ISA to a Lifetime ISA.

What do I need to know before I transfer?

  • You can transfer up to £4,000 from your HL ISA to a Lifetime ISA each tax year and receive the 25% government bonus on the value of the transfer.
  • Transfers will count towards your Lifetime ISA allowance, but will not affect your overall ISA allowance.
  • If transferring ISAs from previous tax years (i.e. before 6 April 2017), you can transfer up to your Lifetime ISA allowance.
  • If transferring ISAs from this tax year (i.e. after 6 April 2017), this year’s subscription must be transferred in full. If this is greater than your remaining Lifetime ISA allowance it cannot be transferred.
  • All transfers into the HL Lifetime ISA must be made as cash. Any investments transferred will be sold first and you’ll be out of the market during the transfer.

How do I transfer from my HL ISA?

Please read the Key Features, Terms & Conditions (including tariff of charges) and Important Investment Notes. Before transferring, please ensure you won't incur excessive exit fees. You can either:

  1. Log in and transfer to a Lifetime ISA online by selecting your ISA and clicking 'transfer money' under the cash tab, or
  2. Download and complete our Lifetime ISA transfer form and return to Freepost HARGREAVES LANSDOWN.

We’ll look after the rest and let you know once the transfer is complete.

Transfer to a Lifetime ISA online

What do I need to know before I transfer?

  • You can transfer up to £4,000 from your existing ISA to a Lifetime ISA each tax year and receive the 25% government bonus on the value of the transfer.
  • Transfers will count towards your Lifetime ISA allowance.
  • If transferring ISAs from previous tax years (i.e. before 6 April 2017), you can transfer up to your Lifetime ISA allowance, but will not affect your overall ISA allowance.
  • If transferring ISAs from this tax year (i.e. after 6 April 2017), this year’s subscription must be transferred in full. If this is greater than your remaining Lifetime ISA allowance it cannot be transferred.
  • All transfers into the HL Lifetime ISA must be made as cash. Any investments transferred will be sold first and you’ll be out of the market during the transfer.

How do I transfer my existing ISA?

First, please read the Key Features, Terms & Conditions (including tariff of charges) and Important Investment Notes. Before transferring, please ensure you won't incur excessive exit fees.

If you are transferring under £4,000 (and it's within your remaining Lifetime ISA allowance), you can transfer directly into the HL Lifetime ISA. To transfer:

  1. Download and complete our Lifetime ISA transfer form
  2. Return the form to Freepost HARGREAVES LANSDOWN.

If you are transferring more than £4,000, you will first need to transfer to an HL Stocks & Shares ISA. To transfer:

  1. Download and complete our Lifetime ISA part one transfer form and return the form to Freepost HARGREAVES LANSDOWN.
  2. Once part one of the transfer is complete we will contact you. You can then easily transfer from an HL Stocks & Shares ISA to an HL Lifetime ISA online or by post.

Tom has a Help to Buy ISA which is valued at £3,000 on 5 April 2017. He transfers his Help to Buy ISA on 6 April 2017 (2017/18 tax year) and qualifies for the 25% government bonus (£750). Tom can also contribute up to the Lifetime ISA allowance (£4,000) for the 2017/18 tax year and receive the government bonus for this too, resulting in up to £8,750 being paid into his Lifetime ISA in respect of the 2017/18 tax year.