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 any funds transferred into your LISA.
Moving money from an ISA to a LISA
You can request to move funds from an ISA to your Lifetime ISA in Settings > Move money between accounts.
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.
Money moved from an ISA will still count towards your overall contribution allowance for that tax year. If moving money from either a Cash ISA or Open Access Cash ISA to a Stocks & Shares ISA, please note that if your balance drops below £500 you’ll earn a lower rate of 0.75% AER (variable). For the Cash ISA, moving money does not count towards the 3 withdrawals you can make within each 12 month period without affecting your interest rate.