Unlocking the Jargon: How AI Legalese Decoder Can Help with Navigating ISA and LISA Contribution Limits
- May 17, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Current Financial Situation
I am currently managing a flexible Cash ISA with Chip and a Lisa with Tembo that has already been opened. I am looking to increase my investment by putting an additional £4k into the Tembo Lisa.
## How to Manage the Transfer
To facilitate this transfer, I am considering withdrawing £4k from my Cash ISA and depositing it directly into Tembo Lisa. However, I am unsure if this process requires a formal transfer request or if a simple withdrawal and deposit would suffice.
## How AI Legalese Decoder Can Help
AI Legalese Decoder can assist in this situation by providing clear and concise information on the legal requirements for transferring funds between different financial products. It can help me understand the necessary steps involved in moving funds from my Cash ISA to my Lisa with Tembo, ensuring a smooth and efficient transaction process.
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****** just grabbed a
> Replacement of flexible ISA funds from the previous year, current year or both must be made to the account from which the withdrawal was made
https://www.gov.uk/guidance/manage-isa-subscriptions-for-your-investors
You should ask your LISA provider to do a partial transfer in of £4k from your other ISA.
Ask Tembo themselves, but my guess is you’ll have to do a transfer
Hi /u/sosoflowers, based on your post the following pages from our wiki may be relevant:
* https://ukpersonal.finance/lisa/
* https://ukpersonal.finance/savings/
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