Any teachers on here - Pension Advice needed...

2»

Comments

  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    Lungboy wrote: »
    You get the same in a LISA on up to £4k of contributions per year.

    No you don't. LISA contributions are made after tax. Pension contributions receive tax relief, but LISA contributions don't. Money in LISAs is exempt from income tax (and, if S&S, capital gains and dividend tax). These are not the same as tax relief.
  • Lungboy
    Lungboy Posts: 1,953 Forumite
    First Anniversary First Post
    ValiantSon wrote: »
    No you don't. LISA contributions are made after tax. Pension contributions receive tax relief, but LISA contributions don't. Money in LISAs is exempt from income tax (and, if S&S, capital gains and dividend tax). These are not the same as tax relief.

    Fair point although I was referring to the figures rather than the tax relief status specifically. I wasn't very clear.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards