fl_gentleman
New member
Hi all,
I'm about to start my first job post A Levels with a salary of 35k/year. The job is hybrid so I'll be living at home with my parents. They will be charging me about £300-500 per month rent, everything included. I am contributing 5% of my salary to my pension and my employer is contributing another 6%.
Ideally, I'd like to buy a house within the next few years, so should I be looking to open a LISA? And would a cash LISA be more appropriate? I don't spend much on myself so I could probably save around £20k/year give or take.
I would really appreciate any advice regarding savings accounts and ISAs - I know Chip offer a 4.84% instant access saving account. I already have a S&S ISA with about £3k in it. How should I allocate funds?
Thank you for reading and for any help. Cheers.
I'm about to start my first job post A Levels with a salary of 35k/year. The job is hybrid so I'll be living at home with my parents. They will be charging me about £300-500 per month rent, everything included. I am contributing 5% of my salary to my pension and my employer is contributing another 6%.
Ideally, I'd like to buy a house within the next few years, so should I be looking to open a LISA? And would a cash LISA be more appropriate? I don't spend much on myself so I could probably save around £20k/year give or take.
I would really appreciate any advice regarding savings accounts and ISAs - I know Chip offer a 4.84% instant access saving account. I already have a S&S ISA with about £3k in it. How should I allocate funds?
Thank you for reading and for any help. Cheers.