Increase pension % or LISA

[1stimeboymum]

Hi, I'm looking at putting more into my pension and not sure which is the best way. I currently pay in 8% and my employer pays in 3% but I am shortly going part time 2 days a week so the money going into my workplace pension will be a lot lower. Should I increase the percentage to my workplace pension or should I put more money into my LISA?

You are reducing amount of work, lowering salary, so where is this additional money coming from to go in to pension or LISA?
What about ISA are you already putting anything in that? What about a personal pension or SIPP?

Are you a lower rate tax payer? If so then I would do workplace pension up to employer contribution... so if an autoenrolment scheme that means you put in 5% and employer puts in 3%. Then I would look at the LISA as that gets the Government bonus (so same as tax relief at lower rate on the pension) but unlike the pension it is tax free on withdrawal at age 60+. I would also do some to ISA for money you can access prior to retirement. I would also look at a SIPP as they can be lower cost then some workplace pensions and give you better fund choices.
Be aware of which pots of money would count towards inheritance tax should they become big enough. Also which would need to be withdrawn from should you ever need to claim benefits... LISA, ISA are things you can withdraw from, early LISA withdrawal comes with a penalty. Pension/SIPP you cannot take from so are generally not counted until you reach pension age when doing a benefits assessment. All rules around investment wrappers can of course change over a long period of time, so what is good now may not be in 20/30/40 years.