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Stakeholder or ISA Newbie
tanyat
Posts: 6 Forumite
My partner is 50 earns about £25000 pa. Have to choose between stakeholder or ISA. Company pension not an option. New to all this seems very complicated. Thanks in advance.
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Comments
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Have to choose between stakeholder or ISA.
or personal pension or SIPP. Although we can almost certainly rule out SIPP as that is for experienced investors and personal pensions will give you more fund choice but if you are finding stakeholder complicated, then thats probably not the best option for you either. Though that really depends on whether you are seeking advice on best option overall or the best simple option.
It is really impossible for us to say which is best for you as we dont know anything about your situation. It could be ISA. it could be pension or it could be a combination. The investment choices in the two are virtually identical so its really just a case of finding out which "tax wrapper" suits your needs.
If you are finding it complicated then you really ought to consider independent advice.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks Dunstonh. Was under the impression that stakeholders or ISA would be a better option, especially in the current market, than personal pensions. Thanks for taking the time to reply.0
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