Financial tips before 40

eskbanker

jbrassy said:

I think the debate over whether to get a LISA depends on your circumstances. If you own a house already, I think it's pointless. If you don't, then it's probably worth getting.

enthusiasticsaver said:

A LISA can be opened before 40 but whether or not this is a good thing for you depends on whether you own a house already or are saving for one. You get a bonus from the government of 25% and is to help you save for a house if you are a FTB or retirement.

LISAs are good investment vehicles for property owners too, with a view to accumulation of bonus-enhanced funds for access from 60 - they may not be a better option than pensions, but, as pointed out in earlier posts, there's nothing to lose by opening one before 40 when it's still an option, even if it's just funded with a token quid or two initially, to keep the options open.