left it too late?

busydaffodil1

changed my mind

margaretclare

No, you haven't left it too late - when is 'too late'? Very debatable.

Have you got any savings and have you still got a mortgage?

Some would say - start with your ISA allowance and max that out. Simple and straightforward.

Then there are stakeholder pension schemes - huge amounts of information about them.

But basically, it's all about saving to provide an income for yourself when you can't work any more or don't want to. It's not as complex as all that, so long as you bear in mind that's what it really is all about.

HTH

Margaret

busydaffodil1

Hi, thanks for that.

AlexGreen_2

No way is it too late for a pension. Good advice to start with an ISA, cash or stocks or a combination, doesn't really matter at this stage - more important to get used to saving regular amounts.

Spend a few hours reading many of the pension posts on this board, you'll get a good idea of some of the common problems which face people and how others have answered those questions.

Also, visit the FSA's website on Pensions http://www.moneymadeclear.fsa.gov.uk/products/pensions/pensions.html for some further background information.

dunstonh

Cash ISAs at you age for retirement planning are not the best option for the bulk or all the money.

You are self employed which does mean you get lower state pensions. So, you are expected to contribute more to your own provision. So, whilst its not too late, it is certainly something you need to look at.