Switching from Stocks & Shares to Cash 💰
If you hold a Stocks & Shares LISA, at the moment we are not able to change this to a Cash LISA.
However, you can sell down some or all of your investments and hold the proceeds as Available Cash within your LISA if you'd like. You can request this by heading to Settings > Withdraw, or by selling individual funds in Wealth > LISA > Portfolio. Money held in your Available Cash earns an interest rate of 2.75% AER.
The 25% penalty does not apply when selling investments to hold as Available Cash, as the funds have not left the LISA wrapper.
Switching from Cash to Stocks & Shares 📈
If you hold a Cash LISA with Moneybox, and would like to change this to a Stocks & Shares LISA, you should be able to do so by using this link!
Please note that if you have any pending transactions (excluding regular collections via our weekly collection cycle), you’ll typically need to wait for these to complete before being able to switch.
If the link displays an error, please reach out to the team and we’ll be able to help 🙌