LISA vs Pension - help with numbers

LW7

Apologies for the cross section here between LISA and Pensions, but I'm needing some help with some numbers.

As mentioned on a previous pension thread (https://forums.moneysavingexpert.com/discussion/comment/76841256#Comment_76841256), I'm currently paying 8% (£211pm) into my pension, and my company are paying 14%. 
I'm looking into opening an LISA, and have around £50 per month (net) to save into it. As I read the LISA rules, if I invested £50pm, over 12 months with the 25% interest, I'd have £750 (£150 interest), over 26 years (I'm 34 now), that'd be £15,600 in contributions and interest of £3,900 totalling £19,500. Which doesn't seem much for 26 years of saving!

If I were to put that £50 into my pension, am I likely to see a better return for my money in 26 years. Considering the tax benefit, employer contributions, and compound interest?  I'm not sure how I would go about estimating this! 

Thanks for any help! 

SonOf

If I were to put that £50 into my pension, am I likely to see a better return for my money in 26 years.
You would get an identical return as the investments available in a pension or also available in an ISA/LISA.     
The tax relief on a pension as a basic rate taxpayer is the same as the bonus on the LISA. 
If the employer would match the extra then pension beats LISA.
If you are a higher rate taxpayer then pension beats LISA.
If you are a basic rate taxpayer, without employer contributions to add on, then LISA beats pension (ignoring age rules on when you can take it).   

 if I invested £50pm, over 12 months with the 25% interest, I'd have £750 (£150 interest), over 26 years (I'm 34 now), that'd be £15,600 in contributions and interest of £3,900 totalling £19,500. Which doesn't seem much for 26 years of saving!
The 25% is a bonus on LISA. Its not interest.
£62.50pm going into any investment product is a small amount in isolation of anything else.  It would also be subject to inflation which erodes it's spending power.  However, you have forgotten to add investment returns (one assumes you were not looking at a cash LISA as that would be daft).

LW7

SonOf said:

If I were to put that £50 into my pension, am I likely to see a better return for my money in 26 years.
You would get an identical return as the investments available in a pension or also available in an ISA/LISA.     
The tax relief on a pension as a basic rate taxpayer is the same as the bonus on the LISA. 
If the employer would match the extra then pension beats LISA.
If you are a higher rate taxpayer then pension beats LISA.
If you are a basic rate taxpayer, without employer contributions to add on, then LISA beats pension (ignoring age rules on when you can take it).   

 if I invested £50pm, over 12 months with the 25% interest, I'd have £750 (£150 interest), over 26 years (I'm 34 now), that'd be £15,600 in contributions and interest of £3,900 totalling £19,500. Which doesn't seem much for 26 years of saving!
The 25% is a bonus on LISA. Its not interest.
£62.50pm going into any investment product is a small amount in isolation of anything else.  It would also be subject to inflation which erodes it's spending power.  However, you have forgotten to add investment returns (one assumes you were not looking at a cash LISA as that would be daft).

Thank you for that.  The employer wouldn't match the extra sadly, so the extra contribution wouldn't be significant on what I already invest. So from your comments, LISA looks to way forward.

RE LISA investment returns, I've not looked far enough into that if I'm honest. Does one have the option to split the investment between a different investment S&S within the same LISA? As that £50 would ideally creep up over the year, so I don't feel the impact as much.