Do you believe in using a pension plan?

[rolanddeschain]

@glasgow

I just don’t know enough to get started

This is a starting point

Stocks and Shares ISA

Thought this discussion might also be interesting for those here: I feel like investing in index trackers within a S&S ISA is not well known the the majority within the UK. Is it just me or is it just hard to tell because generally people don’t talk about their own personal finance? Just looking for a discussion on this topic with everyone to gather everyone’s thoughts.

For me it is always an extra, after I have put the % of my salary that is ‘that is half my age at the age I was when I started paying into my pension’ into my pension.

UKPersonalFinance mentions the Vanguard ISA a lot, as it is very simple to use, lowest fees available if you are only buying Vanguard funds anyway, and once you’ve met the opening amount you don’t have to keep paying anything in:

Stocks and Shares ISA | Vanguard UK Investor

For ‘put it away and forget about it’ their Life Strategy series is the easiest (LS100, LS80, LS60 etc). The number is the amount of funds vs bonds you hold, so amount of risk/ anticipated return. You’re not investing in individual shares, so don’t have to monitor it all the time or know the market. It’s recommended you leave anything you put in for a minimum of 5 years, to ride the ups and downs of stocks.

LS80 for example: Vanguard Asset Management | Personal Investing in the UK