Long Term Savings | Lemonade Money

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Long term savings

Long term savings: Pension
Long term savings

Well if you're at this stage, you've already taken care of the basics like protecting your family and budget planning. If you have some spare cash you may like to think about the following…

Long term savings - ISA

Individual Savings Account

One of the most common forms of long term saving is through an ISA

Savings Options

Ask yourself

“what am I saving for?”

You may want to look at different options of saving your money, other than placing it into your bank account.

One of the most commonly used savings vehicles is that of an ISA, click below to find out more about the Lemonade ISA...

Pension - Find out the maximum contribution


If you are an employee, chances are that your employer offers a pension scheme

Find out the maximum contribution your employer will make to your pension. This will typically require a certain level of contribution from you. Find out what level this is and aim to meet it if you can afford to.

You may also have pensions from previous jobs. It’s worth reviewing these to make sure they still meet your needs.

If you are self-employed consider making pension contributions. You will be saving for the future and can reduce your tax bill at the same time.

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