Daily Archives: May 23, 2016

Saving in A Pension (SIPP) VS a Lifetime ISA (LISA) for retirement? Which is better 2

With the recent introduction of the Lifetime ISA (LISA), the whole debate about whether to save and invest for retirement via a typical pension plan (SIPP) or LISA has erupted again. The main proponents for SIPPS say that is allows you to withdraw your money at an earlier age and it is particularly beneficial in a financial sense for higher and additional rate taxpayers. Advocates of the LISA on the other hand say that it offers more flexibility as it can be used to fund a property purchase and it also makes more financial sense for a basic rate taxpayer to save their money using this. Here, we look solely […]