Stocks & Shares and LISA for retirement

cloud_dog

As others have commented on, there can be reasons why it may not be a good idea but, those reasons may not be relevant for you, e.g. you are happy to wait until age 60 to draw on it.  Assuming the later access age doesn't bother you then a LISA is more efficient for a basic rate tax payer than using a pension (already mention above); obviously if employed this would be in addition to maximising any workplace scheme with the employers maximum match.

There can be ancillary downsides for a LISA vs pension, for example if you ever needed to claim means tested benefits any LISA money would be included in the calculations, whilst the same pension monies would be ignored.

hoc

Martin Lewis targets the low end demographics with an overly simplistic message often resulting in dismissal of anything that isn't the typical ideal first option for the common majority burdened with credit card debt, without a pension and unable to get a mortgage.