Yes, it is possible to move money from your Help to Buy ISA to a Tembo Lifetime ISA. All you need to do is open a Lifetime ISA and ask the provider to transfer the money across from your Help to Buy ISA. Please note, this is not a direct transfer process.
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The best way of doing this currently is to withdraw funds from your existing ISA (do check first with your current provider on any rules or government conditions regarding the withdrawal). Then you can add your funds to your Lifetime ISA with us at Tembo, via direct debit or as a one-off contribution.
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Once you've created an account and added the funds, we'll send you an email to let you know when the money has landed. About a month later, you'll receive the government bonus! That's because unlike a Help to Buy ISA where you don't receive the bonus until completion day, with a Lifetime ISA you receive the bonus upfront, so you can earn interest or gains on the bonus over time.
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Remember that you can only deposit up to £4,000 each tax year into a Lifetime ISA, so if you've got more than this in your Help to Buy ISA, you'll need to split it over multiple tax years.