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Where Taxpayers and Advisers Meet
Ways to improve retirement savings efforts
Can anybody recommend better ways to improve retirement savings efforts?
Re: Ways to improve retirement savings efforts
It difficult to give you any recommendations without knowing your circumstances.
Obviously this is a tax forum not an investment forum, but just make sure you maximise the pension contributions you can afford (especially if you have employer matched contributions). Where you may need more flexible funds then set yourself up an ISA. If you need to buy a house still or want some additional relief on funds you can lock up until 60 then a LISA offers some additional tax free cash.
Without knowing if you are 20 or 60, whether you have £1 or £1m saved in pensions and whether you earn £10k or £500k a year makes it very difficult to give any suggestions.
Plus... most of us aren't regulated to give you any investment advice anyway.
Best bet - speak to a local IFA.
Obviously this is a tax forum not an investment forum, but just make sure you maximise the pension contributions you can afford (especially if you have employer matched contributions). Where you may need more flexible funds then set yourself up an ISA. If you need to buy a house still or want some additional relief on funds you can lock up until 60 then a LISA offers some additional tax free cash.
Without knowing if you are 20 or 60, whether you have £1 or £1m saved in pensions and whether you earn £10k or £500k a year makes it very difficult to give any suggestions.
Plus... most of us aren't regulated to give you any investment advice anyway.
Best bet - speak to a local IFA.
