Can I transfer a Help to Buy ISA into a Lifetime ISA?
Yes, if you already have a Help to Buy ISA, you can transfer it into a Lifetime ISA (LISA). The amount you transfer will qualify for the government bonus.
You can choose to transfer all, or just some, of your Help to Buy ISA into a Lifetime ISA, as long as you don’t transfer more than your £4,000 annual LISA allowance during a single tax year. If you’ve already paid into your LISA this tax year, you can only transfer the amount that remains of your £4,000 allowance.
Money you've paid into your Help to Buy ISA during this tax year has already been counted towards your overall £20,000 ISA allowance. So transferring it to your Lifetime ISA won't use up any more of this allowance.
You’ll need to fund your Lifetime ISA in the same tax year you open it – otherwise we have to close it. So if you intend to fund your new LISA by transferring in, the transfer will need to complete before the end of the same tax year.