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ah .. rules me out unless I withdraw etc, is it essentially a 25% guaranteed interest, tax free, capped £4k? Seems great if so!
amey-
Yeah, that’s why I opened it, I guess it could go below original investment so lower than 25% return but figured it was worth opening and keeping it in play at least.
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You're better off paying into a pension unless you have unusual circumstances. You're contributing post-tax income to the LISA whereas a pension is pre-tax. The 25% bonus is less than what you've paid in tax
(You are taxed on withdrawal from the pension though, LISA can be accessed before 60, etc.)
GoatandTricycle
frankenbike
Same allowance, just a different (and a bit bat-shit) flavour