Lifetime ISA vs pension factsheet
Should I save into a Lifetime ISA or pension for retirement?
If you want to save for retirement, but you’re unsure which account is best for your circumstances, this essential factsheet could help.
We compare a Lifetime ISA (LISA) to a pension, and the key factors to consider when investing for retirement, including:
- How much the government would add to a LISA vs a pension based on earnings
- Why a workplace pension normally takes the top spot
- When you can take money out
- Why you should consider HL as the home for retirement savings
This isn’t personal advice. If you’re unsure you should seek advice. If you save into a LISA instead of a pension, you could miss out on employer contributions, and your entitlement to certain means-tested state benefits could be affected. Investments can go down as well as up in value, so you could get back less than you put in.