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!

Best use of £20000 a year for retirement

2»

Comments

  • MEM62
    MEM62 Posts: 5,387 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Qwerk1972 said:
    or am I better to invest it in a property (when I’ve saved up enough) and rent it out and live off that instead? 

    The days of property being a desirable investment are long gone and I cannot understand why people would still consider it.  It is far from risk free, far from tax-efficient and is not a passive investment.  You would be running a business in retirement.  Do you want that? 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.