Invest Pension or Isa

ianjean

ianjean wrote: »

I'm 58 years no debts and a Prudential with profits pension of £120000 still contributing £100 a month was thinking about retiring around 64 or 63


Iv got another £200 to spare each month should I invest it all in the pension making £350 month or put some/all in a Isa ..Ive got a bit put by for a rainy day.


(when I retire was thinking I might not take any of the 25% tax free allowance) maybe use it all for flexi drawdown ... that's another query would I be better of to stay at Pru or transfer for better deal with a more generous company?

Thanks for all the replys!

I'm a none tax payer ..think nothing wrong with investing 60% of the £200 in pension and 40% in Isa should avoid to many eggs in one basket that way?

jamesd

kidmugsy wrote: »

Oh you are a tease - you know perfectly well that the money comes from the other taxpayers, not HMRC.

Of course. From the point of view of the recipient it's still free. I look at proposals to increase the personal allowance and see increased opportunity to take out more pension money tax free as well.