Skip to main content

Stocks and Shares ISA
0 followers
2 questions
0 posts

Do you have questions about Stocks and Shares ISA?

Log in to ask questions about Stocks and Shares ISA publicly or anonymously.

Both have their place and it depends on what you want the lifetime ISA for and your time horizon.

 

e.g. if you’re using it on a first home in the next few years - cash is probably the better choice as a S&S ISA risks being down when you need the money for a deposit. 

 

if this is just for retirement and you’re using the LISA to get the government bonus - a stocks and shares Lisa is better as it will on average return more over the long term and protects against inflation 

 

Thanks,

Luke

@Becca4 This really depends on your timeframe, the level of risk you're willing to take, and your goals (saving for a house or retirement).

Savings (cash LISA) is usually best if you know you'll want the money in a shorter time period, say less than 3/5 years. There's no risk to losing money with savings as you're given interest from the bank as your return.

Investing (S&S LISA) is usually for longer term plans, like minimum 5 years. If you invest money today and you want to buy a house next year, the market may be down over the next... (More)

Abdallah
Graduate Analyst at a Bank

I use both. 

S&S ISA for the flexibility - I can withdraw my money anytime. 

SIPP so I have more control over what I invest in compared to a standard pension.

Percentage-wise, I put more money in the stocks & shares ISA.