Can I transfer my HL LISA to a HL Stocks and Shares ISA without affecting my ISA allowance?

Question

I have a Hargreaves Lansdown LISA and am concerned that the £450k limit may be too restrictive in the future as I am not planning to buy any time soon (and I am living in London). Since the withdrawal charge has been reduced to 20%, now would probably be the best time to make the change.

I also have a Stocks and Shares ISA that I would like to move the money to -- can this be done without the LISA money counting against my annual ISA allowance?

UPDATE: Hargreaves Lansdown support confirmed they do not support such a transfer directly, however Skipton Building Society seem to support transferring a Lifetime ISA to their Cash ISA without affecting the annual ISA limit, which I can then transfer back to my HL Stocks and Shares ISA. Once I have tested this I will confirm in an answer

Answer 1

Copying the question update:

Hargreaves Lansdown support confirmed they do not support such a transfer directly, however Skipton Building Society seem to support transferring a Lifetime ISA to their Cash ISA without affecting the annual ISA limit, which I can then transfer back to my HL Stocks and Shares ISA. Once I have tested this I will confirm in an answer

I ended up submitting the paperwork to make the initial transfer from my HL Lifetime ISA to a Skipton Cash ISA, but cancelled it at the last minute after deciding I wanted to keep my Lifetime ISA. However, from speaking to both HL and Skipton on a number of occasions I was confident this would have worked had I gone through with it.

I would of course suggest asking yourself again as it could be a costly mistake. In addition, I asked HL to leave a note for the transfer team to make sure Skipton transferred my Lifetime ISA (and not my Stocks and Shares ISA) since the account identification for HL is just a client ID which is the same for both ISAs.