Hi
Sorry for bumping this thread.
My question is can you have both a regular variety stocks and shares ISA and a stocks and shares LISA in the same tax year so long as you keep to your 20k limits across all varieties inside a tax year.
So long as I keep my subscription limits to 20k or below could I subscribe a cash ISA, one (regular) S&S ISA (I’ve got 2) and one S&S LISA?
You can subscribe to LISA alongside a S&S ISA. Of your overall £20k, you can split it up to maximum of £4k in a LISA and the remainder in the other ISA.
Edit: Don’t know about the Cash ISA. Possibly? I’ve never done it. But I know the LISA & S/S ISA is fine
Only the one S&S LISA in a financial year
Yes. Need to consider whether a LISA is actually worthwhile at the moment if for a house purchase.
If it’s for a house purchase why would it not be worthwhile ( assuming your intended purchase is less than £450k ? )
Because of the rise in average house price a lot of people are finding they can’t use the LISA without paying the penalty which means getting back less than was put in.
In London yes but elsewhere the average first time buyer property price is nowhere near £450k.
Should see the houses you can get for 450 in Scotland oooooo weeeee