Save more for your first home or retirement

Transfer an existing ISA to a Lifetime ISA

Transferring into a Lifetime ISA

You can transfer a Lifetime, Help to Buy, Stocks and shares or cash ISA to an AJ Bell Youinvest Lifetime ISA. It’s free to open an account, and we won’t charge you anything to transfer in.

Transferring is easy. First, you’ll need to open a Lifetime ISA. If you’re aged between 18 and 39, a Lifetime ISA allows you to save up to £4,000 a year (until you turn 50), tax free and with the help of the government. Find out more about Lifetime ISAs

  • Benefits of a Lifetime ISA

  • A government bonus of 25%

  • Great investment ideas including AJ Bell Passive funds and our Favourite funds list

  • A wide range of investment choices, including funds and shares

  • Free to open, low dealing and custody charges

  • Manage your Lifetime ISA online and on our mobile app

Important information: A Lifetime ISA is not for everyone. If you withdraw money before age 60, other than to purchase your first home, you’ll pay a government withdrawal charge of 25%. This may mean you get back less from your LISA than you paid in. Also, if you choose to save in a Lifetime ISA instead of enrolling in, or contributing to, your workplace pension scheme, you’ll miss out on the benefit of your employer’s contributions to that scheme, and your current and future entitlement to means tested benefits may be affected. Finally, remember that how you’re taxed depends on your circumstances, and Lifetime ISA and tax rules could change. Read more on Lifetime ISA risks and the key features document.

Transferring into a Lifetime ISA

You can transfer your Help to Buy ISA into your Lifetime ISA and give yourself a helping hand getting onto the housing ladder.

To find out about transferring a Help to Buy ISA, please visit our Help to Buy to Lifetime ISA transfer page.

What you need to consider when transferring into a Lifetime ISA

  • The AJ Bell Youinvest Lifetime ISA has been designed for investing in shares and funds. Investments don’t offer the same security as cash and can fall in value – meaning you could get back less than you invest

  • You can only open an AJ Bell Youinvest Lifetime ISA if you are aged between 18 and 39

  • A Lifetime ISA must be funded for 12 months before you can use it to buy your first home

  • Unlike other types of ISA where you can withdraw some or all of your cash at any time, there are restrictions on withdrawing cash from a Lifetime ISA.

  • You’ll need to fund your Lifetime ISA in the same tax year you open it – otherwise we’ll need to close it. So if you intend to fund your LISA by transferring in, it’ll need to complete before then end of the tax year.

We make investing easier

For nearly twenty years, AJ Bell Youinvest has helped people invest in the life they want to live. We’re part of AJ Bell, one of the largest investment platforms in the UK, with £52.3 billion in assets under administration.


Our award-winning ISAs

We're proud to have won many ISA awards – including 'ISA Provider of the Year' at the ADVFN International Finance Awards two years running.

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