At MoneyWeek we have long favoured saving into individual savings accounts (Isas) over saving into pensions. There are all sorts of reasons for this. But the main one has long been the simplicity of Isas. You put the money in after you have paid tax on it. Then once it is in its wrapper, it is safe. You don’t have to fill in any forms or reclaim anything from the taxman. And you can withdraw the capital gains and the income from an Isa any time you like without paying further taxes.
Pensions just aren’t as good. Again, there are [...]
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