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Pension Vs Investment ISA - WHICH ONE IS BETTER for ME?
Pensions and Retirement planning can be very tricky, and absolutely a topic that you might want to use a Financial Planner for. This video is for educational purposes only with this in mind. One of the most popular questions I am asked though is "How do you know to invest in a Pension or Investment ISA"? I thought it would be good to model which would allow you the best outcome overall. My worked examples assume no inflation and very much estimates only - please be sure to do your own personal calculations on what income you would required for your own retirement incomes.
I reference Pete Matthews @MeaningfulMoney video on Pensions that I think is great for an even more detailed approach as well as considering inheritance - https://youtu.be/y-4s1wqwQ7k
Pension PRODUCTS & SERVICES we use:
🐝 PensionBee - https://www.mamafurfur.com/pensionbee (Your capital is at risk)
Timestamps
00:00 Pension Vs Investment ISA common questions
01:32 Pension Overview
04:06 Investment ISA Overview
06:23 Where do you put your money?
09:42 Worked Examples of some situations
21:10 My Strategy and Thoughts
Some of the links in this description are affiliate links that mean I receive a fee for recommending them, but it does not affect your price. This helps to support my work and channel, so thank you!
INVESTING PLATFORMS I USE (these are affiliate links):
💸 Invest using Etoro - https://mamafurfur.com/etoro
💰 Invest using Trading212 - https://mamafurfur.com/trading212 (we both receive a free share up to £100)
📊 Invest using Freetrade - https://mamafurfur.com/freetrade (we both receive a FREE SHARE worth £2-200).
💳 Invest using Coinbase for Crypto - https://www.mamafurfur.com/coinbase
📊Investing Research using Genuine Impact App (and we both get a free month of Premium access) - https://www.mamafurfur.com/genuineimpact
** If using CFDs - they are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees may apply. Virtual Currencies are highly volatile. **
Pension PRODUCTS & SERVICES we use:
🐝 PensionBee - https://www.mamafurfur.com/pensionbee (Your capital is at risk)
MY ONLINE COURSES & PRODUCTS:
🗒 Money Stacks Method Budget System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker
https://www.mamafurfur.com/spreadsheet
🗒Money Stacks Budget Book (3 month) Paper version - https://www.mamafurfur.com/planner
🗒Money Stacks Budget Book Digital Version (for Goodnotes etc) - https://www.mamafurfur.com/digital
📗 My Book - The Master Money Blueprint available on Paperback and Kindle https://amzn.to/2IThc9w
🚀 "Investing Made Simple - Learn to Invest in 72 hours"
https://mamafurfur.com/investing
🤑 BUDGET SUCCESS BOOTCAMP Mini-Course here
http://bit.ly/BudgetSuccessBootcamp
🎬 Youtube DECODED (Perfect for new content creators or wannabe creators)
https://www.mamafurfur.com/courses
MY VIDEO & PODCAST GEAR:
🎥 http://www.mamafurfur.com/vlogkit
🎙 Our weekly podcast -
My husband Matt and I host a weekly podcast where we discuss happiness, prosperity and the lifestyle design. You can find it by searching “The Prosperity Project” on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).
KEEP IN TOUCH:
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🐦 Twitter - https://twitter.com/mamafurfur
🙎 Facebook - https://www..facebook.com/mamafurfur
WHO AM I:
I'm Jennifer Kempson, Scottish Mum, Engineer and full time Investor/Entrepreneur/Author/Financial Educator. I make videos about personal finance, investing, entrepreneurship, and lifestyle design. I also have a weekly podcast with my husband Matt called The Prosperity Project. We have two small boys and live in Glasgow, Scotland, UK. Together we paid off £24k+ of consumer debt in 2016, built a 6-figure side hustle in 2 years and aiming to be mortgage free and financially free in 2021.
🌍 My website / blog - https://www.mamafurfur.com
GET IN TOUCH:
If you’d like to talk, I’d love to hear from you. Sadly I cannot reply to every comment or message, but thank you for supporting my channel.
PS: All thoughts, reviews and suggestions my own. All information is given for educational purpose and not financial advice.
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