Ways to save more: Other
Ways to save more: Other
Apart from pensions and property, other ways to save for your retirement include:
- ISAs
ISA stands for Individual Savings Account. You can put money into an ISA each financial year (in other words from 6 April one year to 5 April the next) up to the limit set by the government.
- NS&I
NS&I stands for National Savings and Investments. You can also invest in tax-free Savings Certificates. Again, you don’t pay tax on the interest. These are available from the Post Office and the NS&I website, www.nsandi.com.
- Shares and bonds
Shares (equities) are basically a way to own a small part of a large company. Bonds are loans to a large company or government. These types of investment are available through RS section/AVC section. You can also invest in them directly or through unit trusts.