Best way to save £200/£300 per month in addition to Works Pension

davidquizer

Hi, I would pay that amount into a stocks and shares isa as it would be tax free whenever you'd access it. In 3 years you could make a good profit with a good choice of funds and then you could either buy an annuity or withdraw money as and when you like (as I do). However if the growth after 3 years isn't what you had hoped you can leave it in the isa with or without the monthly premium and live off your pension and wait for the growth. Its always handy to have an isa separate from your pension as it gives flexibility.

bluenose1

Checked with my employer and can't make additional deductions.
So need to consider pension or ISA.
Thinking of putting in my pension for the 6.25% return as only tied up for 2.5 years until I am 55. Wouldn't need it before then anyway.