We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
ISA or pension?
Robie
Posts: 150 Forumite
Simple question really. Where should I put my money - ISA or company pension?
The background:
I earn about £32K - my wife does not work (hopefully she may in the future but possibly only on a part-time basis).
I am 50 :eek: tomorrow (don't know where the life as gone already) and hope to retire by around 60. I currently contribute about 25% (£450) of my income to the company pension which started about 2 years ago. I have money invested in ISA previously and invest about £100 a month into ISA now. ISA wise, I have about £45K (in both our names) in S&S isas and some cash ISA.
So, is that a good divide or should I put less money in pension and more money into ISA? Don't know much finance/tax implications when I retire.
Thanks.
The background:
I earn about £32K - my wife does not work (hopefully she may in the future but possibly only on a part-time basis).
I am 50 :eek: tomorrow (don't know where the life as gone already) and hope to retire by around 60. I currently contribute about 25% (£450) of my income to the company pension which started about 2 years ago. I have money invested in ISA previously and invest about £100 a month into ISA now. ISA wise, I have about £45K (in both our names) in S&S isas and some cash ISA.
So, is that a good divide or should I put less money in pension and more money into ISA? Don't know much finance/tax implications when I retire.
Thanks.
0
Comments
-
0
-
Thanks for pointing that out, will look at it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards