During the 2017/2018 tax year, you can make a single transfer of funds built up in your Help to Buy ISA before 6 April 2017 into your Skipton Online Cash Lifetime ISA without it counting towards your annual Lifetime ISA allowance of £4,000. The whole amount you pay in will benefit from the 25% government bonus.
Subsequent transfers from savings built up in your Help to Buy ISA before 6 April 2017, transfers of savings built up after this date, or any transfers in after 5 April 2018 will count towards your annual £4,000 Lifetime ISA allowance.
You can only use the bonus from either a Help to Buy ISA or a Lifetime ISA - and not from both - to buy your first home.
If you’re thinking about transferring an existing Help to Buy ISA or other ISA into your Skipton Cash Lifetime ISA in this tax year, our window to do so closes on 1 March 2018. After this date, you will no longer be able to apply to transfer into your Skipton Cash Lifetime ISA in the 2017/18 tax year.