Isas 'good alternative' to a pension
www.moneynews.co.uk > Banking > Isas 'good alternative' to a pension
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Isas 'good alternative' to a pension
Fri 19th Feb 2010
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David Kuo, director at The Motley Fool, believes that any investment opportunity which offers a tax break for investors is a good opportunity for savers.
He explained that although the number of cash Isas that people have been using has increased over the past decade, the number of stocks and shares accounts has fallen.
However, he warns against dismissing these because for long-term savers they offer more appealing returns than their cash-based counterparts.
Beginning early could be the key to getting the most for your money, as Mr Kuo explained that a 25-year-old who invests the maximum amount each year into UK shares could accrue a retirement fund of £800,000 by the time they are 50.
The comments follow on from a report from Halifax which found that since 1999-00 there has been a 53 per cent increase in the number of people taking out Isas.
Click here for more banking news
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