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No point saving into a pension if you’re a basic rate tax payer; ISA is better. Is this true?

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Dianne Sullivan

If you want to achieve financial freedom the phase of life we commonly call retirement then there a lot of decisions that you need to make.
The most important one is what to do with your money so that it works as hard as possible for you.
A number of you have told me in the comments that because you are a basic rate tax payer, you pay into an ISA instead of a pension. The rationale being that pensions are taxed when you take income so you’re better off saving into an ISA which is tax free.
Also, many of you are suspicious about pensions because you’ve heard about people who have their company pensions in the past.
In this video, we are going to work through some scenarios together to look at the comparison between ISAs and pensions for achieving financial freedom.
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https://diannesullivan.co

timestamps
0:00 intro
0:56 the basics
4:00 the comparisons
9:57 the outcome

posted by DrawCoalacy