LISA'S advice

[WindFlower92]

Looking for some advice/recommendations on these please!

I'm looking to set one of these up as an extra retirement fund, which is roughly 39 years away. Not a clue where to start, so which company have you gone with? I want it relatively risk free, so not sure of what the differences are between stocks and shares and cash..if I've got it right that those are the two options? Is there anything else I should know before I set one up?

Thanks!

If you want ‘relatively risk free’ then cash is your only option.

DH and I have LISA with Nottingham building society.

As you are thinking about using it for retirement, then over a nearly 40 year timeframe, you should really look at a share LISA not a cash LISA.

I would use a SIPP rather than a LISA for retirement planning for the tax benefits.

I use Nutmeg. It’s stocks and shares but you can set the risk level. I’m quite open to risk, but you can put it low risk.

Very worth it. Cash isas won’t keep up with inflation, so definitely worth being in stocks. I hear good things about Vanguard too.