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    • Home • Advice • Common questions

    Is my daughter eligible to open a LISA when she's back to the UK?

    14 February 2022

    Question by Julie

    My daughter works and lives in the UAE. She is British and has a National Insurance number and will return to the UK in a couple of years. Is she eligible to open a LISA

    Answered by Boring Money

    Hi Julie,

    Unfortunately, your daughter has to be living in the UK to open a LISA. If she is ready to start investing now she could open a General Investment Account (i.e. a standard investment that doesn't have the tax advantages of ISAs) and use the accrued funds to open a LISA when she does return home.

    I hope this helps.

    Andrew

    Answered by

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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