Financial Plan for 26 Year Old

Flobberchops

Your 2-year fixed ISA is unlikely to be the best place to hold money. Firstly because you could be earning just as good an interest rate in an instant access account (Marcus) or getting a better fix rate elsewhere (off the top of my head I believe Metro is paying 2.15% on a 2-year fix). Secondly because you could be capitalising on your ISA allowance with one of both of a Lifetime ISA or Stocks and Shares ISA.



You don't mention the timescale in which you hope to move out but realistically you will probably have to throw the majority of your savings at a house purchase when the time comes, so building assets for financial independence may have to wait until after that.



As mentioned, consider upping your pension contributions and see if your employer offers any other benefits such as a sharesave scheme. And probably even better, try to get promoted as often as possible!

Jk920

Many thanks to everyone who responded and provided advice, I've got ideas for a plan moving forward