Help me pick a Lifetime ISA
Discussion
Hi. Bit of a lurker here. Always find most of the advice on here sensible. So here I am asking for you wisdom.
I'm no powerfully built director. In fact think the opposite end of the scale. Basic wage is around 25k a year, but I do some overtime to bring it to the mid 30's. Pay 6% into my pension and company pays 10%.
I've recently fix my mortgage for 10 years with 30k left. So my monthly payment has reduced and the amount I can overpay before hitting the ERC is pretty low.
I want to put some money away for retirement. The LISA looks a good option with the 25% bonus. Im 37 so some time before I will be able to touch this money.
When I looked at opening the account and saw all the options I really was lost. Do I play it safe and just get a cash ISA? Or will taking a risk with a managed stocks ISA work out in the long term? And if so what fund would you choose?
Thanks in advance for any help.
I'm no powerfully built director. In fact think the opposite end of the scale. Basic wage is around 25k a year, but I do some overtime to bring it to the mid 30's. Pay 6% into my pension and company pays 10%.
I've recently fix my mortgage for 10 years with 30k left. So my monthly payment has reduced and the amount I can overpay before hitting the ERC is pretty low.
I want to put some money away for retirement. The LISA looks a good option with the 25% bonus. Im 37 so some time before I will be able to touch this money.
When I looked at opening the account and saw all the options I really was lost. Do I play it safe and just get a cash ISA? Or will taking a risk with a managed stocks ISA work out in the long term? And if so what fund would you choose?
Thanks in advance for any help.
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