Don’t forget that if you don’t use your ISA £20,000 tax allowance before the 5th April, then you will lose this years allowance.
You also have your annual pension allowance to make use of. The exact amount depends on your earnings but if this is reduced then remember that you can use 3 years worth of unused allowance.
ISA’s should & do form a part of sensible Retirement Planning also and shouldn’t be ignored.
The introduction of pension freedoms may have led to an increase in flexibility and choice, but it’s also true that frequent rule changes have made pensions funding a minefield of complexity.
Make sure you know your individual pension limits and don’t hesitate to contact us for advice around your own specific circumstances.