Andy Egwim explains what you can actually do with a Lifetime ISA alongside an NHS pension or private SIPP. Junior ISAs can be opened by a parent or guardian for kids under 18 and stay locked until they turn 18.
Can I hold both a lifetime ISA and NHS pension simultaneously? Of course, yes, of course. You can hold both the lifetime ISA and a workplace pension, even an sipp that's a private pension. There are some differences, but, you know, you have to look at them differently. We have a video, we've covered these things in details. But the key thing to consider is that it's essential that the individual benefits and limitations of each option when planning for your retirement, you are well aware of them and you know what you're allocating. Is there an age limit for opening the junior isa? Junior ISA can only be opened for children under the age of 18 by a parent or legal guidance. Once open, the account remains active until the child reaches adulthood, and then they have access to the account. So that's 18 years in the UK, they're going to get access to all that money.
