Transfer to HL
Transfer to a Lifetime ISA
Save for your first home or retirement with the HL Lifetime ISA.
Before you transfer to a Lifetime ISA: investing for 5+ years increases your chances of positive returns compared to cash savings. But investments rise and fall in value, so you could get back less than you put in. Tax benefits depend on circumstances and rules can change. Withdrawal restrictions apply to Lifetime ISAs. Before transferring, check for any loss of benefits or excessive exit fees.
Before you transfer to a Lifetime ISA: investing for 5+ years increases your chances of positive returns compared to cash savings. But investments rise and fall in value, so you could get back less than you put in. Tax benefits depend on circumstances and rules can change. Withdrawal restrictions apply to Lifetime ISAs. Before transferring, check for any loss of benefits or excessive exit fees.
Why transfer to an HL Lifetime ISA?
Take advantage of our award-winning service and boost your potential returns.
Get up to £1,000 bonus
Make the most of a 25% government bonus each year. That’s £1 for every £4 you save.
Your choice of investments
Pick your own investments or choose from ready-made options.
Boost potential returns
Investments should provide higher returns than cash over the long term. You can still earn interest on cash that's uninvested.
What can I transfer to an HL Lifetime ISA?
You can transfer up to £4,000 each tax year from existing ISAs, including:
Stocks and Shares ISAs
Cash ISAs
Help to Buy ISAs
You’ll get the 25% government bonus on the amount you transfer, up to £1,000. We can't currently accept transfers from other Lifetime ISAs.
How to transfer to an HL Lifetime ISA
Start by letting us know what you want to transfer. Depending what you are transferring, you may need to print and return the application form by post - it only takes minutes to complete. You'll need the name of your current provider and account or reference number.
If you're new to HL, you'll need to create an account as part of the transfer process.
Before transferring, check for any loss of benefits or excessive exit fees.
You don't need to tell your current provider you're transferring - we'll do that for you once we've received your transfer request.
We'll keep you up to date with progress as your current provider processes the transfer. Just remember not to change your investments while your transfer is in progress.
We expect transfers to take two to six weeks.
We'll contact you to let you know when the transfer has completed.
If you transferred as cash, you can then pick your own investments, choose from ready-made options, or leave as cash earning interest.
Is a Lifetime ISA right for you?
You need to be between 18 and 39 to open a Lifetime ISA. But you can still pay in – and get the government bonus – until you turn 50.
The £4,000 Lifetime ISA allowance makes up part of your overall £20,000 ISA allowance.
Consider a Lifetime ISA if:
You’re comfortable with the withdrawal restrictions. If you want to take money out before you turn 60 and you aren't buying your first home, there's usually a 25% government charge. This means you could get back less than you put in.
You’re clear on the differences between saving and investing and you have your own cash savings to cover emergencies.
You understand the value of your investments will rise and fall, so you could get back less than you invest. If you’re planning to use your Lifetime ISA to purchase your first home in the next five years, investing might not be the best option.
This isn’t personal advice. If you’re not sure a Lifetime ISA is right for you, ask for financial advice.
Transfer to the HL Lifetime ISA today
Join over 2 million clients who’ve chosen the UK’s #1 investment and savings platform.
Pay no set up fees
FREE
We don't charge anything when you transfer your accounts to us, and you won't pay set up fees. Your current provider may charge exit fees, so check this first.
We have an annual account charge of no more than 0.25% for holding investments. The investments you choose may have their own ongoing charge, and dealing charges apply for one-off trades.
Trusted by 2 million
Our clients trust us with over £172bn of their savings and investments.
Experience and security
Enjoy peace of mind. We've been helping clients save and invest securely for over 40 years.
Award-winning service
Over 200 awards, including 'Best Investment App' and 'Best for Customer Service' for 2025.
Lifetime ISA transfer FAQs
Transferring to the HL Lifetime ISA is simple, but here are a few things it could be helpful to keep in mind.
You can use a Lifetime ISA to help you buy your first home. Your savings can be used to purchase an eligible property (worth up to £450,000), at least 12 months after your first payment into the account.
You can also use a Lifetime ISA to supplement your pension in later life. Withdrawals are tax free from age 60.
If you transfer a Help to Buy ISA to a Lifetime ISA, you could get a bigger bonus and also enjoy greater flexibility when saving for your first home. But unlike the Help to Buy ISA, there are penalties if you withdraw money from your Lifetime ISA and it’s not used for your first home or after age 60.
Your ISA will be transferred as cash. This means you'll be out of the market during the transfer. Your money will be stable if the market falls, but if it rises you won't benefit. Once the money is in your Lifetime ISA, you can choose how you'd like to invest.
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