Overview
- A saver reported a failed request to move part of their current tax‑year ISA into a Lifetime ISA and shared a screenshot of the refusal.
- The provider’s message cited the previous provider’s rules, which did not allow partial transfers into a LISA for current‑year subscriptions.
- Martin Lewis responded that providers can impose stricter terms than the headline ISA rules, so the process depends on each firm’s policies.
- A LISA lets people put in up to £4,000 a year and get a 25% government bonus, with penalty‑free access for a first home or from age 60.
- From April 2027, only £12,000 of the annual ISA limit will be freely allocated and £8,000 must go to stocks and shares ISAs, with those aged 65 and over exempt, so savers should check transfer rules with both sending and receiving providers before they act.