The Nanling metallogenic belt (South China) is one of the largest W-Sn polymetallic provinces in the world. The ore bodies are mainly hosted in Triassic-Jurassic granitoids which formed during a complex history of magmatic evolution. Among them, the Laiziling pluton, which forms the northern part of the Xianghualing district, is an example of Sn-polymetallic deposits that underwent multiple Mesozoic episodes. In this study, the first in-situ U-Pb age dating of zircon and cassiterite minerals, trace element, and Lu-Hf isotopic data are reported for Laiziling NYF-type pegmatites. Four types of pegmatites are identified: stock-like pegmatite, vein-type pegmatite, peripheral vein-type pegmatite, and cap/sill-like pegmatite. Zircon LA-ICP-MS U-Pb geochronology of pegmatites yields an age of ~150 Ma, which is consistent with the age of the associated mineralized granitic pluton. Results of cassiterite age dating indicate that the W-Sn mineralization took place at ca. 150 Ma coeval with pegmatite emplacement. Combined with structure and trace element composition, two young ages (i.e., ~130 and 90 Ma) can be identified from pegmatite veins, suggesting that the studied zircon crystals experienced two distinct periods of magmatic-hydrothermal evolution during the Cretaceous (related to Late Yanshanian magmatism). In addition, some zircon grains are obviously enriched in LREE, which is associated with hydrothermal metasomatism. Compared to the narrow range of magmatic zircons, a wide range of inherited zircons (Proterozoic to Paleozoic) are observed in the studied Late Jurassic pegmatite (Pg1 and Pg2b), suggesting that they were incorporated from pre-existing basement rocks during magma ascent and/or emplacement. Furthermore, U-Pb data for 14 disseminated cassiterite grains yield a 206Pb/238U age of 221.5 ± 4.2 Ma, documenting evidence of cassiterite inheritance during melt ascension from country rocks or representing the initial stage of Sn enrichment. The εHf values of magmatic zircons show negative εHf values from −4.4 to −16.6 and their crustal model ages (TDM2) vary between 1328 Ma to 2200 Ma, suggesting the parent magma of the Laiziling pegmatites were derived from partial melting of older crustal components (Proterozoic basement in the Cathaysian Block of South China) and the mixing of mantle materials. This study proposes that multi-stage magmatic-hydrothermal events may have occurred not only in the Xianghualing area but also in the whole Nanling Range, and provides fresh insights into the formation processes of rare metal-bearing pegmatites in South China.