ISA or pension – which is better? What a question. The answer to this will depend on you, but as these products work in slightly different ways, we’ll cover a few of the advantages to these products in this article.
The UK population is getting older – and quickly. This is increasing the strain on the UK care sector and is likely to mean that in future we need to pay more ourselves for care if we want to enjoy a similar quality of life – but how do we go about paying for it?
If you haven’t used your annual allowance from the last three years, you could benefit from the ‘carry forward’ rule. Find out more about making further contributions to your pensions in this article.
Retirement used to be black and white, one day you were at work and the next you were a pensioner. Today “retirement” is more of a phase, particularly since 2015 when pension freedom was launched. Pension funds can now be accessed from age 55, allowing a gradual retirement before fully giving up work.
Saving for retirement ahead of all the other daily pressures on finances can be tough. The challenge can be particularly difficult for women who take time out of work to raise a family. Research suggests that only 50 per cent of women in their 30s work full–time, compared with 81 per cent of men of the same age.
For decades, a traditional strategy that many investors have adopted – and in particular for their pension pots – has been an approach that reduces the level of investment risk that they take as they get nearer and nearer the day they retire.