****ty life

Why did you suggest it then?
I didn't. I said he couldn't open a LISA.
For your daughter, you should be funding a LISA for her,
He can't he's already passed 60 years old.
Yep, 62 on the horizon in a couple of months....
Just to clarify, you can open a LISA (soon to be modified into some other scheme. Any LISAs already started can continue) if you're under 60.
It matures when you reach 60.
I ddi make a mistake witht he qualifying age to open it.
You have to be under 40 to open it, not under 60 as I mistakenly suggested.
As Elsa is over 60, the original "he can't, he's already passed 60" applies.
 
I didn't. I said he couldn't open a LISA.




I ddi make a mistake witht he qualifying age to open it.
You have to be under 40 to open it, not under 60 as I mistakenly suggetsed.
As Elsa is over 60, the original "he can't, he's already passed 60" applies.
Good god man, all of that to try to try to justify why you were wrong. You could have simply answered "Yes I got it wrong" and that would have been enough.
 
HWM will claim it was a joke or tongue in cheek or some such then rattle off four pages of puerile nonsense in order to garner thanks and fluff out the forum with pointless drivel.
What you on about, Bill told kool to open an account that ends when you're 60 but hes 62, he was wrong but babbled on to hide it...

No-one cares really....well I dont anyway.
 
I didn't. I said he couldn't open a LISA.




I ddi make a mistake witht he qualifying age to open it.
You have to be under 40 to open it, not under 60 as I mistakenly suggested.
As Elsa is over 60, the original "he can't, he's already passed 60" applies.
The purpose of suggesting a SIPP was to move savings which affect benefits into a pension which might not, as well as leveraging tax benefits without any significant consequences.

There isn't much point in the OP transferring money to his daughter to fund her LISA, when the local authority/dwp will deem it a Deprivation of capital. This risk still occurs with a SIPP, but it is less likely.
 
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