I’d like to help DS, 24, start a pension with a contribution of £5,000. He’s training to be a barrister, so self employed. He’s based in London and when he buys a flat in a few years I’d expect it to cost more than £450,000, as I’d contribute to his purchase.
Is it worth getting him a Lisa, with the remaining £1,000 elsewhere or should he put all £5,000 into a SIPP?