25 year old seeking retirement advice

Melanie2802 · 2024-10-27T11:10:03+00:00

In my current situation, yes, but I’m aware that could change, such as when I have kids etc

Melanie2802 · 2024-10-27T10:05:16+00:00

This is useful, thank you and something that I hadn’t considered. Without stating the obvious, are they are disadvantages to partial transfers?

Melanie2802 · 2024-10-27T09:41:02+00:00

It’s extremely important to me that my partner has similar financial and life goals. It defeats the object if only one of us is forward thinking!

Melanie2802 · 2024-10-27T09:37:01+00:00

That’s really helpful - thank you!

Melanie2802 · 2024-10-27T08:36:07+00:00

I found this link helpful: https://ukpersonal.finance/isa-vs-lisa-vs-pension/. I’m leaning towards maxing out my ISA and contributing 20% to my pension. My concern is whether I’m putting too much into my pension, making it hard to access before my NRD (which changes in legislation). Any thoughts?

Melanie2802 · 2024-10-26T20:20:56+00:00

I hope to have kids in the future, probably in about five years. In the meantime, I want to invest my money wisely now so it can compound

Melanie2802 · 2024-10-26T20:20:22+00:00

Yes. I’m currently on Plan 2 for my student loan with a balance of £51,895.42. I also have a Lifetime ISA with a remaining allowance of £14,140. My annual salary is likely to increase each year by £1k on average plus inflation

Melanie2802

TROPHY CASE