Considering a LISA account next year

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Hello ,

I'm 36m with a mortgage. I hold a SIPP pension and a S/S ISA where I hold index funds.

I'm keen to know if opening a LISA account with Nutmeg to gain the government 25% top up is worth it? In regards if this added contribution is worth it considering I can get the same with my SIPP and I could just load up my ISA as normal?

I am aware that the £4000 I would contribute would then limit me to £16000 in my other ISA. As also I am aware I cannot touch this money until my later years as it's not for the purpose of purchasing a home.

I'm keen to hear what others would do?

Thanks for your time

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marv7515

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Posted: 3 years ago
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