Points for you to think about
You won’t have a workplace pension and won’t benefit from employer-matched contributions.
So a Lifetime ISA — and the 25% government bonus — may win over a pension, but this depends on your tax status and personal situation.
Self-employed basic rate taxpayers will receive an additional 25% via tax relief on money put into a pension, and you will need to decide whether a pension or Lifetime ISA is better for you.
Self-employed higher or additional rate taxpayers will benefit more from paying into a pension as the tax relief wins over the Lifetime ISA bonus.
If you’ve maxed out contributions on your pension(s) and you want to save more, the Lifetime ISA is a further option.
But remember, if you withdraw your money from a Lifetime ISA before you’re 60 and it’s not to buy your first home, you’ll usually pay a 25% government penalty, so you may get back less than you put in.
If you would like to do more research, here are the ways you can invest: