Re the 40% tax if you earn let say £60271 don’t you only get the other 20% ( to make up the 40% ) on the amount over the £50271 , so £10k in this example. So anything put in a pension in excess would be better in a LISA ?
Simon exactly right. You only get the higher rate tax relief back on the money over the lower rate. So yes, if you have more to invest in that then a LISA is a fabulous place
You guys are so awesome! Thanks for taking the time to share your knowledge!!
Aw what a lovely comment! Thank you! We love doing this stuff and comments like this inspire us to do more. Thank you
Great video!! Thank you! ❤❤❤
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Nice video 😊
Thank you so much Paul! Thank you for the comment
Re the 40% tax if you earn let say £60271 don’t you only get the other 20% ( to make up the 40% ) on the amount over the £50271 , so £10k in this example.
So anything put in a pension in excess would be better in a LISA ?
Simon exactly right. You only get the higher rate tax relief back on the money over the lower rate.
So yes, if you have more to invest in that then a LISA is a fabulous place