Property can be a pensions 'alternative'

Switch today and save £618*

in partnership with Banner_uswitch

Looking to switch your business energy supplier? Click here

* Between 1st June 2016 and 30th Nov 2016, at least 10% of people who switched energy supplier for both gas and electricity with uSwitch saved £618*

Property can represent an effective alternative to a pension fund for people saving for their retirement, it has been claimed.

Malcolm McLean, chief executive of The Pensions Advisory Service, claims that an investment in property is an effective savings technique - as it means that you don't "put all your eggs in one basket".

"People need to have a retirement plan … it's probably better not to put all their eggs in one basket. Investing in property instead of a pension is fine, as long as you have the means to do it," Mr McLean explained.

"It is important for people to recognise - in the long term - it will be down to them to get them the standard of living that they want," he added.

"People often say they wish they had put their money into property rather than a pension, but this isn’t always an option. The rewards in property investment - in people's minds - seem to out weigh financial rewards from pensions."

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.