It’s the time of year when we are urged to put our money into an Isa or pension, but faced with the choice which should you pick?
After all, most of us don’t have the £52,000 needed to max out both (£20,000 into an Isa and £32,000 into a pension plus the £8,000 tax relief added).
So, we must make a decision: take the upfront tax relief of a pension and that lovely boost to the money you pay in, but not be able to get the cash until at least age 55, or opt for the tax-free gains of an Isa and its flexibility, but no contribution booster.
On this podcast, Georgie Frost and Simon Lambert look at the perks of each, where the drawbacks are and how you can make an informed decision.
Plus, is the Lifetime Isa a better option for your hard-earned cash?
Also, on the show, they discuss the child benefit mess and how many mums are missing our on vital state pension credits, whether Chase’s bank account is now Britain’s best, and how to work out if buying an expensive electric car might save you money.
