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Transfer your Lifetime ISA to EQi

Transfer to an EQi Lifetime ISA - one of the most competitively priced LISAs in the market

Smoother, faster transfers for our customers

We work with STAR, an initiative which focuses on improving the transfer of savings and investments from one financial institution to another.

At EQi, we are committed to making the transfer of assets into your ISA, LISA, SIPP or dealing account easy and quick.

Transfer a Help to Buy ISA to a Lifetime ISA

Since Help to Buy: ISAs were discontinued in November 2019, Lifetime ISAs have become increasingly popular. Although both types of ISA offer a 25% bonus, Lifetime ISAs are more attractive for two reasons:

Lifetime ISAs have a higher annual allowance of £4,000 (as opposed to the Help to Buy: ISA’s annual allowance of £2,400)
You receive the 25% bonus each year with a Lifetime ISA (as opposed to the Help to Buy: ISA where you only receive the bonus post-exchange on your first home)

Transfer a cash ISA to a Lifetime ISA

You can transfer from an ISA to a Lifetime ISA but as Lifetime ISAs have unique benefits, there are conditions to bear in mind.

You can only transfer up to £4,000 into a Lifetime ISA each year
Your Lifetime ISA allowance makes up part of your overall annual ISA allowance – meaning you can’t subscribe more than a combined total of £20,000 to your Lifetime ISA or any other ISAs

Transfers into an EQi Lifetime ISA have to be as cash and not investments. Once your transfer is complete, you can repurchase any investments.

It is not possible to transfer part of your current year ISA subscription to a Lifetime ISA. This is because HMRC rules do not allow ISA subscriptions to be ‘split’. For example, if you have £6,000 in an ISA, you can’t transfer £4,000 from the ISA to a Lifetime ISA. You can also transfer ISAs from previous tax years up to the £4,000 allowance.

It is important to note you may be charged exit fees by your current provider.

Transfer a Lifetime ISA from another provider

You can only subscribe to a one Lifetime ISA in any tax year, whether it be a stocks and shares Lifetime ISA or a cash Lifetime ISA.

You cannot do an in-specie transfer to an EQi Lifetime ISA. This means you can only transfer cash, not investments. You need to ensure that your current Lifetime ISA contains cash only, and sell any other investments before beginning the transfer process. Once your transfer is complete, you can repurchase those investments.

Risk warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

EQi does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any Lifetime ISA tax advantages or benefits will vary according to the individual's circumstances. The government bonus may also change. Once in the LISA your money is only accessible, in general, when you buy your first home or at age 60. If you withdraw early from your Lifetime ISA the withdrawal penalty will be 25% of the amount withdrawn.

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Transfer your Lifetime ISA to EQi

Smoother, faster transfers for our customers

Transfer a Help to Buy ISA to a Lifetime ISA

Transfer a cash ISA to a Lifetime ISA

Transfer a Lifetime ISA from another provider

Risk warning

EQi benefits

Insight and articles

Which fund?

Cboe indices