4min chapter

Financial Independence Podcast cover image

The Escape Artist - FIRE in the UK

Financial Independence Podcast

CHAPTER

How to Get the Most Tax Efficient Way to Save in the U.K

In terms of pure tax efficiency, the most tax efficient way to save in the u k is at your workplace pension or a self invested personal pension. I just recently discovered the lifetime isa, which seems like a pretty sweet account. And it's an account where every year you can put four thousand pounds into it, and then the government will give you a thousand pounds on top of that for that same contribution. So you're efectively getting a 25 % return instantly. Are there any other sweet accounts like that that i may not be familiar with?

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