Lifetime ISA or Pension?
From 6 April 2017, there was a new addition to the ISA family called a Lifetime ISA (LISA).
It has all the benefits of a standard ISA, whilst also benefitting from a government bonus of up to £1,000 per annum for eligible investors.
In advance of the availability of the LISA, a debate began around which is the better option, a LISA or a pension, so this factsheet will set out the differences between them and some of the key points to consider.
This factsheet is not intended to give a clear-cut answer as to which would be more suitable to your individual circumstances, but rather to make you aware of the differences, enabling you to make an informed decision.
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