It's sensible to put savings away, if you can, and even if you only just get in before your 40th birthday, if you put £4k in every year that's £20k from the government by the time you're 60. Nice little £100k lump sum.
But if you’re a high rate tax payer, isn’t it better to put that into a pension (40% easily beats 25%)? If you have a salary sacrifice scheme you get national insurance relief too.
It's sensible to put savings away, if you can, and even if you only just get in before your 40th birthday, if you put £4k in every year that's £20k from the government by the time you're 60. Nice little £100k lump sum.