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Pension or ISA
Annie021063
Posts: 2,570 Forumite
Hi
I want to invest £50 a month for the next 10 years. I don’t know whether to invest it in an ISA or add it to my pension. Does anyone have any experience of this?
Thank you
I want to invest £50 a month for the next 10 years. I don’t know whether to invest it in an ISA or add it to my pension. Does anyone have any experience of this?
Thank you
0
Comments
-
Do you need access to the money?
Do you have other retirement savings/pensions?
How old are you?
Pensions have great tax breaks and sometime employer contributions however they are not accessible until at least 55 (and possibly going up) so not suitable for money you want access to.0 -
No access needed
Teachers pension for past 10 years with a further 12 years before I retire
30k in premium bonds which are doing well for us
Thanks0
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