For some context, I’m turning 18 in two months, and I’ve been fortunate enough to have a part-time job, which has allowed me to build up some savings (around £6k by my birthday). Most of this is currently in my bank account, with £2k in a 6% savings account and the rest in a standard savings account. I want to start investing, although I’m not very confident about the current state of the market, and I also plan on going to university next year. So i wondering if maxing my lisa is the wise choice or should I just put money in a standard isa.
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!thanksin a reply to them. Points are shown as the user flair by their username.If you need the money for uni, keep it in a cash Isa with a decent rate. If you don't need it for the next 5+ years you have the option to invest in an index fund. If your priority is to save for a house deposit then the LISA is the way to go. Just consider that if you have to take money out of the LISA you will lose some of it in penalties. Well done for saving your part time income - most don't!