I have been reading about this and my IFA has also suggested that instead of I or my ltd company contributing to my pension pot, that I invest the funds in ISA investments up to the ISA limit instead. Reason being I still have access to funds (unlike pensions), ISAs are tax free on withdrawal (unlike pensions etc), and ISAs can outgrow pensions.
Now ever since I was young I have had it drummed in that I must save into pensions as early as possible etc etc. I am happy to go with my IFAs recommendation as he is good, but there is a niggle in my mind for some reason.
Is anyone else using this approach of ISAs first then pensions ? Would be interested to find out.
Now ever since I was young I have had it drummed in that I must save into pensions as early as possible etc etc. I am happy to go with my IFAs recommendation as he is good, but there is a niggle in my mind for some reason.
Is anyone else using this approach of ISAs first then pensions ? Would be interested to find out.
Comment