Small investments

D

doug99

Guest
Hello,

I am 50 this year and want to start putting a small amount of money away for my retirement.

I am at present working PAYE.
I already pay a small amount into AVC's.

Would I be better advised to start buying Shares online(Etrade ETC)
or put extra money into AVC's?

Is it worth seeting up a new small pension, Self administered ETC.

Any help would be appreciated.

Doug
 
You don't specify what you mean by "small". One man's small amount can be a fortune to someone else.

If you've only the one source of income, you'll be restricted to putting away more AVCs into the existing AVC scheme or setting up an AVC PRSA of your own choosing. Check out the charges and fund options on both before making your choice.

If you buy shares yourself, you won't get any tax relief on the money you use to do so, which is a disadvantage this has over pensions. But you'll have access to the money whenever you like.
 
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