Consigliere
- Joined
- 12 Jun 2004
- Posts
- 151,030
- Location
- SW17
I am not asking for financial advice because I already know what to do. It is just a very basic question however Mods intervene if you disagree. 
After browsing MoneySavingExpert and based on my circumstances, it is better I move my money into a Lifetime ISA. I know you can put in 4k per tax year and get a 1k bonus etc.
I also have premium bonds which is 3x size of the Help To Buy ISA value.
My questions:
- Is it best to move directly from the Help To Buy ISA into the Lifetime ISA so it 'stays within an ISA'? Then the rest I'd hold in premium bonds until the next tax year.
- Am I better off moving the Help To Buy ISA into premium bonds and then moving 4k in at the start of next year so I get the bonus still?
My HTB has a gross interest rate of 1.25%.
TIA!
After browsing MoneySavingExpert and based on my circumstances, it is better I move my money into a Lifetime ISA. I know you can put in 4k per tax year and get a 1k bonus etc.
I also have premium bonds which is 3x size of the Help To Buy ISA value.
My questions:
- Is it best to move directly from the Help To Buy ISA into the Lifetime ISA so it 'stays within an ISA'? Then the rest I'd hold in premium bonds until the next tax year.
- Am I better off moving the Help To Buy ISA into premium bonds and then moving 4k in at the start of next year so I get the bonus still?
My HTB has a gross interest rate of 1.25%.
TIA!