[Feature Request 🔧] Lifetime ISA (LISA) 👶🏻👵🏾

You can have a LISA in HL, and a stock / share ISA in FT :slight_smile:

This is what I have done

Does @Freetrade_Team have any plans to launch a LISA product in tax year 21/22?

Reason I ask is if not I will pay into another LISA provider in April (HL sorry) but if you are I will hold on for the FT LISA later in the year. :ok_hand:t2:

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I wouldn’t base decisions on what ifs, you can only really go on what’s available now. You can always transfer you LISA if freetrade make one in the future and you want to switch

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It’s not a what if… if they have a plan in place, it could be a when.

I’d rather avoid the commission by waiting a few months if that’s an option thanks.

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I’ve not seen anything to suggest this. I expect you’re more likely to be waiting months for them to say they’re working on that account type for next year or further away.

I have now left the UK, but I still have my LISA with AJ Bell. Now there is the reduced penalty for withdrawal, I am wondering if it is possible to close it and move the balance to my existing standard ISA with ii. I assume as the LISA is an ISA, it is just a transfer of an existing amount and not a new contribution right?

(Would of course like to move this all to Freetrade but it’s not supported currently, sad face).

I am so so sorry to hear that. You have my deepest heartfelt sympathies.

Sincerely,

Another AJ Bell LISA Customer

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Does anyone know if this got a mention on the recent Zoom meeting thingie with the Freetrade team? Our LISAs coming for 2021/22?

Don’t recall this being mentioned… of the other ISA type of accounts, they did mention JISA but didn’t sound like they are working on that.

Also just voted for this for you, I think I hadn’t previously because we all had limited number of votes.

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:kissing_closed_eyes: Thanks for the reply and for the vote!

Ugh… I have at least another year trapped in AJ Hell then. Their £9.99 buy/sell fees really limit the amount of holdings I have and my willingness to move anything around. It’s making the whole thing far riskier than it should be.

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In AJBell you can reduce fees by using regular investing. I.e. sell down for £9.99, set regular investing to buy at £1.50. that might reduce the hit of rebalancing.

But indeed I too just buy VWRL and leave it. But noticed now that there is a share class that accumulates dividends. Should have bought that one, as otherwise I keep having pennies in the account.

Pleaseeee start offering a LISA then i can be rid of HL completely (just transferred my SIPP) :laughing:

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Please freetrade, I’d much rather pay a flat monthly fee to you, than pay through the nose to AJ Bell.

Paid £10.05 to deal £1k of CUS1! :nauseated_face:

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If you’re going to use such foul, disgusting and abohorent language on this board then please censor it so that the rest of us don’t have to read it.

Potty mouth.

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Any chance of Freetrade introducing a S&S Lifetime ISA for this tax year? I would be keen to transfer my cash ISA over to Freetrade rather than AJ Bell or H&L…

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Just begrudgingly topped up my AJ Bellend LISA :pensive:

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+1 to Lifetime ISA from me.

Have held one across 5 tax years with HL - I’m self-employed, already a home-owner, so this is being used as an extra pension pot. The fund is growing steadily (I am a very cautious investor only buy funds with HL as there are no dealing charges on those) - but the bigger it gets that % monthly fee is getting higher and higher. I’d be happy to be paying this to FT instead! Well, less than the HL fee, of course…

This would seem a fairly obvious product to add to the line up, it’s targeted at the right demographic surely? Perhaps the limited amount of funds makes it unattractive to FT?

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If Freetrade could just give us a “Yes/No” on whether LISAs are coming this year then it could save me a fortune on AJ ****ing ****ing ****ing ****ing Bell’s £9.99 ****ing BUY fees and then AJ ****ing ****ing ****ing ****ing Bell’s £9.99 ****ing SELL fees when I want to rescue my savings from there and transfer it to Freetrade.

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Not a fan then I take it :joy::joy:

Don’t forget 1% Forex fee each way on US shares :face_with_symbols_over_mouth:

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