Building up your savings to support you through your retirement requires financial planning. Although you make think your retirement is a long way off, it’s important that you make the most of your opportunities.
Individual Savings Accounts (ISAs) are a popular way to save. They are after all tax efficient and opportunities to access them instantly is appealing. Whilst the additional tax-relief available with pensions has longer term benefits, this money can only be accessed once you reach age 55.
ISA’s and pensions are two separate products but they can also be used alongside each other.
Whether you are already paying into an ISA and or a pension it may be worth discussing your options with a qualified independent financial adviser near me. Our expertise will work out whether they can be more aligned and complement each other to help maximise your retirement funds.