This is an example case study for illustrative purposes only.
Chris is a higher rate tax payer in his mid forties and he wants to make a tax efficient investment of £15,000 to use later in life.
Pensions and ISAs are the most popular ways of saving tax efficiently, but they are very different from each other – particularly in how they are taxed. Choosing an ISA or a pension will depend on your personal circumstances , and you should consult a financial adviser to understand which is more suitable. However, those wanting to save tax efficiently should maximise ISA and Pension saving if appropriate.
Forecasts are not a reliable indicator of future performance . Figures are based on assumptions relating to growth, product charges and tax (see below). Actual returns may be higher or lower, and the value of investments can go down as well as up.
Accurate as at April 2015.
Pension for children and
Dave and Ann are a married couple in their late sixties. They would like to save for their grandchild’s future using disposable income.
Starting to save early into a pension
Dave is 30 and wants to save regularly into a pension and wants to weigh up the potential benefits of saving early rather than later.
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