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Can ISAs be used to help fund a Retirement
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Last update : November 2011
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| Yes, in fact this is what many people are already doing. Think about the maths.
£10,200 per tax year can be invested into the stockmarket and other related investments such as bonds and property funds.
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| If your money grows at an average of 6% a year the compounding of returns can produce a fairly large sum over 10, 15 or even 20+ years.
The added advantage of using ISAs over a more restrictive pension plan is money can be withdrawn whenever you want, rather than waiting for the official retirement age.
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| Why not do both - ISA + Pension |
| Perhaps the most sensible way to plan for your retirement savings is to use both ISAs and a pension. Then you'd probably get the best of both long term investment vehicles.
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More details |
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