Some advise about investing small amount please

Bostonerimus1

An S&S ISA is just a tax free wrapper for money that you invest in the market usually by buying investment funds offered by companies like Vanguard, Fidelity, HSCB, Blackrock etc. That said, putting extra money into your pension is probably the best thing for you to do to save on taxes. If you do that make sure you understand how your money is invested ie. what investment funds are you buying inside your pension. Today most pensions are just another type of tax advantaged wrapper where you can buy investment funds. But before you do any of that make sure you have paid off all high interest debt like credit cards and car loans and have at least 6 months of spending cash in the bank for emergencies.

kempiejon

Dicentra said:

Newbie_John said:

You said you're too old for LISA so must be 40+ and that your mortgage has 10 years left.

As an alternative you can invest in your mortgage by overpaying it - let's say you're one 5% rate, that's 5% earned/saved - with no chances of losing money.

Otherwise the £50 a month, £600 a year won't make up much - total invested over 15 years would be £9000. 
And then if you're lucky you could double it to £18k but if you're unlucky you may end up losing half and have £4500.

And if invested in a SIPP, £50 + tax relief per month (£62.50) to invest, hence the benefit over S&S ISA.

Aye, currently ISAs are not taxed on withdrawal unlike SIPPs so depending on prevailing tax rates it's a different answer, the tax relief can be thought of as deferral.

LHW99

I think the question the OP hasn't answered is whether thy already have a pension (from current or previous employment). If so, that may be the place to start adding money. If it is a current workplace one, then maybe their employer would add a bit more if they do.