How to move Stocks and Shares ISA from HL to T212

🤝 Help
1

Hi,

I want to do a portfolio transfer from a LISA with HL to a Cash ISA with T212. I have already tried via the Portfolio Transfer button but it keeps getting rejected - I assume because they are 2 different ISA types. Can anyone help please?

2

Not sure why it’s failing but that may be a good thing if you’re unaware of the 25% hit you’ll take LISA > Cash ISA, assuming you’re under 60.

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3

Thanks for the tip but I want to buy a house with it as a first time buyer, but my budget is higher than the 350k allowance you can use it on. So i think itll be better in a cash ISA? Happy to hear any advice tho!

4

Isn’t the purchase price cap 450k?

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5

Possibly, its still too low for me though, so I want to move to a Cash ISA from a S&S ISA with another company. Really stuck on how to do this though?

7

You can transfer a Lifetime ISA (LISA) to a Cash ISA, but it will be treated as a withdrawal and subject to the 25% government withdrawal charge if you’re under 60. This means you’ll receive less than the amount you originally invested.

Probably this is the reason it cannot be done automatically. I would send a message to HL and ask them if you can transfer it from HL LISA to HL S&S ISA and then you can transfer easily HL S&S ISA to Cash ISA T212.

But again, if you do that, you will loose more than you put in.

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