Help to Buy ISA / Lifetime ISA

[sadtoday1]

My DC has just opened a Lifetime ISA to enable them to pay the full £4000 for this tax year. It's not clear whether they need to close their Help to Buy ISA? They don't need to transfer the money, as they have enough in another savings account.

I've tried and failed to find a definitive answer. They realise they can only use one of these ISA's when the time comes to buy a property (years off). It's likely the LISA will have more money in it by then.

Hi, you can have both open. Lifetime ISA can be used for retirement as well as first home so doesn't make sense to only have one.

Link here to confirm it.

https://www.moneyboxapp.com/faqs/lisa/lifetime-isa-help-to-buy-isa/#:~:text=You%20can%20have%20a%20Help,them%20towards%20buying%20a%20home.

Thanks @1wer that's really helpful :)