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
With Profits Fund
1Genty
Posts: 1 Newbie
Hi, I am coming to the end of a with profits fund that I had for my endowment, I kept this going as a savings account, as it paid higher rates than a bank savings account. I would like to carry on with something similar for about 10 years, It was Paying £50 a month. Please could you recommend something that I could pay £50 a month into for 10 years.
0
Comments
-
Since the late 90s, S&S ISAs (and PEPs prior to that) replaced Endowments as the mainstream option.
Without knowing your objectives, nobody can say for sure which tax wrapper is best. However, we can it won't be endowment. It will most likely be either ISA or pensionI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards