There are many options. Pension Wise is a free, impartial service that provides assistance with defined-benefit pensions. Some people may opt for financial advice to provide tailored support to meet their specific needs.
However, despite changing attitudes toward pensions and topping up ones pots, savings accounts continue to have an edge when it comes to where people decide to place any money that they’ve recently earned.
Nearly half of people who saved money during the pandemic said that they now have more savings and are putting nearly all of it into savings.
Total 19% said that they had money in a current account. 22 percent stated they have savings they plan to invest. This option can be risky but may provide rewards.
Publiated at Tue 14 Sep 2021, 23:01:00 +0000