LISA v Additional pension contributions

Anonymous101

anxiousnow said:

I'm in a similar position and I do both. The salary sacrifice for the pension AVCs is certainly beneficial. What makes it worthwhile for me doing both is that  the amount of pension that you get will be reduced if you access it before your pension age. For me this is 68, for now. No doubt that will go up and up!
Having something in a LISA to access at 60 is a benefit. 

Presumably you're AVC's are going into a DB scheme? Unless you're maximising the annual allowance your choice is really 25% bonus in the LISA vs 40% tax relief from a SIPP? You could currently access the SIPP from 55 soon to be 58, possible 60 by the time you can access it so there's little difference in access age.

The use of a LISA to me always comes back to whether you're able to receive 20% or 40% tax relief on the pension contribution. That is until you hit the LTA then its LISA all the way.