The Best Lifetime ISAs for 2023 + LISA Transfer details

Lifetime ISAs can be a great way to boost your deposit for your first home, or they can be used for retirement. The type of account - Cash LISA or stocks and shares LISA - you choose will depend on why you are saving.

W A T C H N E X T

*LIFETIME ISAS explained

#LifetimeISA #savings #firsthome

00:00 What is a Lifetime ISA
01:50 2023 Update
04:00 Transfering Lifetime ISAs
05:40 Cash LISA transfers
06:38 Stocks and Shares LISA transfers
09:01 The best Lifetime ISAs

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(You'll also get a free Quidco bonus for signing up)

A B O U T A N D Y

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[kwhitmill]

If I open a money box LISA say for example Newcastle building society have a better next year are you able to switch? Or will they charge you?

[Moya]

If you are from a British overseas Territory and coming to the UK, which bank is offering the best rewards and interest rates for new members. Also has the best options to receive wife transfers from a British overseas Territory?

[ritvanxh]

Andy thanks for another great video

Just checked the charges on aj elk and HL
As am looking to open my first Lisa before my 40th bd 😊

Aj bell seems cheaper on the transaction fees by £2 per transaction while both have 0.25% annual platform fee

[JMH]

HL - No LISA transfers at all? So if I opened a new Dodl LISA I wouldn't be able to transfer my 'old' HL LISA into the newer Dodl LISA?

[Bulmer]

can you use the lisa for legal fees aswell if you have any money left over from the deposit?

[jackcrane]

I'v got a help to buy isa from years ago, if you've had it running for a few years does your limit that you put into it yearly effect your new year 20k limit on new isa's?

[NS-ptrr]

HL lisa for me people, .25% annual charges, bring a long termer, I'm investing into lloyds, barclays this year with their potential capital growth+more or less guaranteed dividend with all dividend reinvested. IMHO opinion sticking ut in a building society at say 2-3% doesn't really make sense 😊

[shanesloan]

Can you transfer lifetime Isa if your 43? I have money in Newcastle with not great rate

[THFINALFANTASYLEGEND]

Do you only get the 25% on money added that year?
For example £1000 will get you to £1250 but on year later does it get you £0 if you have added to it

[priyapatel]

Does the Lisa year run from April to March? If I open an account now, can I put £4k in now and be eligible for the bonus?

[kaibeattie]

can you transfer from a stocks and shares Lisa to a cash Lisa and vice versa?

[motoo]

Hell andy Is the transfer from or into like can I transfer frm money box to Aj bell if I have a Lisa with money box

[mazzymaz]

Would i be considered a first time buyer if i buy a property with someone who already owns a property?

[mikehatfield]

I know there is an annual limit of £4000 a year, but can you open a Lifetime ISA with a lump sum over £4000?

[shyammohan]

Not sure if this is the right video to ask this question but asking anyways.
I lost 60 Experian points not sure why tho. Two activities I suspect are:
1) I had 2 amex cards with £2000 limit on each. I swapped limit to make £1000 on one card and £3000 on the other.

2) I used the card with £3000 limit to spend 2500 and paid it back within few days (surely before statement close date)

Can any of the above be responsible for the decrease in my credit score by 60?

PS. My credit utilization even after the limit swap was under 5% on both card. Any reply would be helpful.
Thanks.

[hobbsy]

Moneybox T&C: "The account is available to UK residents aged 18 to 39. You can transfer an existing Cash Lifetime ISA at any age." Had planned on transferring an existing Skipton LISA (2.3%) to a Moneybox LISA (3.5%). Didn't realise I would be unable to do this as someone aged 40+ .... :/

[adenijiolubukola]

I am 43years old, and I wish to invest . I need to get my own house

[parthpandya]

Thanks for the informative video!

I want to do a one-time lump sum deposit,
If the interest rate is high on Easy Access Cash ISA, Which one is better Easy Access Cash ISA or Fixed Rate Cash ISA, and why?

Shawbrook Bank 1 Year Fixed Rate Cash ISA (4.98%)
Moneybox Easy Access Cash ISA 5.09%