Should you invest in a Pension or a Lifetime ISA?
From April 2017 people between the ages of 18 and 40 can invest in a new type of ISA called a Lifetime ISA (LISA). Enter your details below to see if you'd be better off saving into your pension or this new type of investment to fund your retirement. Read more about the LISA.
You get a £0 uplift (added extra) when saving £100 into your pension.
You get a £0 uplift when saving £100 into a Lifetime ISA.
Uplift if the 25% lump sum tax free allowance is removed
Uplift if the NI allowance is removed on salary sacrifice contributions
Uplift if the tax relief on contributions is limited to 33%
Uplift if the tax relief on contributions is a level 25% for everyone
Uplift if the tax free cash is removed, NI on salary sacrifice is removed and level tax relief on contributions is limited to 33%