Pensions and ISAs are both vital tools for securing your financial future.
But when you’re deciding where to put your money, it’s important to remember there are key differences between the two…
How do you choose?
Deciding where and how to invest your money depends on many different factors unique to you, such as:
The best option is to include both ISAs and pensions in your financial plan, so you can enjoy tax efficiency and flexibility at the same time.
Although there will always be a need to save for short-term needs, it’s always best in the long run to maximise your pension contributions as much as you can.
But make sure it’s affordable so you’re able to get the most out of any employer matching or enhanced employer contributions that you may qualify for by paying more in yourself.
Check with your employer to see what’s on offer.
Take charge of your retirement planning with the Creative Pension Trust Member Portal.