An Individual Savings Account, or ISA, is a product that allows you to save money without paying tax on the interest you receive, provided you don’t exceed the saving limit. A defined contribution pension is a product for saving specifically for retirement, where the value of your pot when you retire depends on how much you’ve paid into it and how your investments perform over time. We've compared pensions with ISAs to explain some of the key differences between each product.
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Video and editing: Zainabb Hull
