You can move up to £4,000 each tax year (or your remaining LISA allowance for the tax year) from your Moneybox ISA, Simple Saver, or Reward Savings account to your LISA in Settings > Move money between accounts.
Once you’ve confirmed your move money request in the app, this will be complete within:
• 1-2 working days if you’re moving into a Cash LISA or Available Cash within your Stocks & Shares LISA, or;
• 3-6 working days if you’ve opted to invest your money in your Stocks & Shares LISA.
We’ll send you an email to confirm when your move has completed, and you’ll receive the 25% government bonus on the money you've transferred into your LISA.
Moving money from an ISA to a LISA 📝
Money moved from an ISA will still count towards your overall contribution allowance for that tax year.
For Stocks & Shares ISA customers, you'll need to sell down some investments to Available Cash first, which can be done in Wealth > ISA > Portfolio by selecting the fund and tapping ‘sell’. Once you’ve opted to sell, the funds should arrive in your Available Cash within 3-5 working days, ready for you to move to your LISA.
If moving money from a Cash ISA, please note that if your balance drops below £500 you’ll earn a lower rate of 0.75% AER (variable). However, moving money does not count towards the 3 withdrawals you can make within each 12 month period without affecting your interest rate.