Can you please give me advise on the best way to invest my stakeholder pension?
06 April 2022
Question by Ben
I get my stakeholders pension next year and would like to invest £2000 but don't know where to start where should I invest my money
Answered by Daniel Barrett
It would not typically be advisable to withdraw funds from a stakeholder pension (which is very tax-efficient and has investment options inside) just to then re-invest the funds into another investment product, however, if you have surplus funds to invest and your investment time horizon is at least 5 years, investing in a Stocks & Shares ISA could be worth considering. Boring Money has a good guide to get you started on this - https://www.boringmoney.co.uk/learn/investing-guides/product-guides/stocks-shares-isa
I hope this helps, and best of luck with your investing journey.