10:43 29 December 2013
When retirement comes beckoning, it is important to consider how you are going to make ends meet. Safeguarding your nest egg is important. If there is no consistent stream of income, you might end up wallowing in poverty. Nobody wants that.
It is in your best interest to take care of your investment for the future. Pensions and ISAs are the best way of doing so. However, people rarely go for occupation pensions these days. They instead opt for personal pensions like Self-investment Pension Plans and Investment ISAs. The sooner you can take care of your retirement in your working years, the better the chances of you enjoying your retirement. This, however, comes at a price_ you have to have your salary deducted to pay for your ISA.
Let us contrast and compare ISAs and Pensions
The only similarity between ISAs and pensions is that the funds grow tax-free.
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