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Where Taxpayers and Advisers Meet

LISAs and the Lifetime Allowance

JOHNRE
Posts:84
Joined:Sat Feb 06, 2016 2:03 pm
LISAs and the Lifetime Allowance

Postby JOHNRE » Sat Mar 06, 2021 4:04 pm

Quite a simple question, really, but have been unable to find the answer anywhere......do savings in a Lifetime ISA count towards your Lifetime Pension Allowance?

Cheers.

John

ben_power
Posts:63
Joined:Tue Feb 27, 2018 8:34 pm

Re: LISAs and the Lifetime Allowance

Postby ben_power » Mon Mar 08, 2021 1:06 am

Hi,

No complexities to worry about here. LISAs DO NOT contribute to the LTA, they are two separate tax wrappers.

JOHNRE
Posts:84
Joined:Sat Feb 06, 2016 2:03 pm

Re: LISAs and the Lifetime Allowance

Postby JOHNRE » Mon Mar 08, 2021 10:10 am

Thank you. That’s very useful. Do you possibly have a link to somewhere at HMRC or gov.U.K. that would reference this?

John

JOHNRE
Posts:84
Joined:Sat Feb 06, 2016 2:03 pm

Re: LISAs and the Lifetime Allowance

Postby JOHNRE » Mon Mar 08, 2021 4:24 pm

I contacted the Pensions Advisory Service this morning and they confirmed what you said. Thank you.


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