Username1£
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LISA into Pension
At age 60 can I withdraw the value of my LISA and deposit it into a SIPP to gain tax relief at my marginal rate without triggering Oension recycling rules? I understand these would be triggered if I took a lump sum from another pension and put it into my SIPP. But the LISA is not a pension so I am unsure of this. -
Multiple ISA Transfers
I funded a S&S ISA last tax year (lets call it ISA A) then topped it up this tax year with 10k. I then opened a Cash ISA (B) and paid into it 10k. That's my 20k allowance used. I then transferred the whole of A to a new SS ISA with cheaper fees (C). All good so far. Only paid into 1 SS ISA this year but now its all in C. I then transferred the whole balance of Cash ISA B into a seperate SS ISA (D). To my understanding this is fine as it was all carried about via the correct transfer procedures. Stayed within 20k limit and only ever paid Cash into 1 SS ISA and 1 Cash ISA. Is this correct?