Lifetime ISA vs pension factsheet
Lifetime ISA vs pension – which is better if you’re self-employed?
If you’re looking for a tax-efficient way to save for your future but unsure which option could work best for your circumstances, this essential factsheet could help.
We compare a Lifetime ISA (LISA) to a pension, and what could be a better choice including:
- What you could consider if you earn £50,270 or more
- What you could consider if you’re under 40 and earn less than £50, 270
- 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. Tax rules can change and benefits depend on individual circumstances. Investments can go down as well as up in value, so you could get back less than you put in.