Four fifths of LISA users also save into workplace pensions

Lisa used as 'top-up'

James Phillips
clock • 2 min read

The Lifetime ISA (LISA) has not caused an exodus from workplace pensions as feared, research by AJ Bell finds.

Some 78% of the product's users say they have continued to contribute into their workplace pension, and more than half (56%) are saving into a LISA to top-up their retirement income. Just 3% of those who had opted out of their workplace pension said they had done so in order to put money into a LISA. AJ Bell's findings, which come from a survey of 400 of its Youinvest LISA customers, will mitigate concerns that the more liquid product would draw young people away from pensions. The savings vehicle was introduced by the government last year and allows savers to put aside up to £4,00...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

Govt ignores pension tax lock call as petition responses top 18,500

Govt ignores pension tax lock call as petition responses top 18,500

AJ Bell started petition; Govt forced to respond after 10,000 signatures

Jenna Brown
clock 23 October 2025 • 2 min read
How SIPPs and SSASs could help power the UK's energy goals

How SIPPs and SSASs could help power the UK's energy goals

'The role of pensions in supporting renewable energy deserves further consideration'

Caitlin Southall
clock 23 October 2025 • 4 min read
IHT on pensions: A moment in time for the profession to shine

IHT on pensions: A moment in time for the profession to shine

'Bringing pensions into the IHT net marks a structural change in how wealth is transferred'

Andrew Zanelli
clock 21 October 2025 • 4 min read