John's story
John started investing to be able to one day return to the freedom and travel that he enjoyed in his early 20s.
Please note: This case study is not personal advice. If you’re not sure what’s best for your situation, ask for financial advice. Investments fall as well as rise in value, so investors could get back less than they invest. Money in a pension is not usually accessible until age 55 (57 from 2028).
"Like most people in their early 20s, my life was all about the social, having fun and experiencing what the world had to offer. Late 20s and the world of work becomes a little more serious, but it wasn’t until I was in my mid-30s when I had enough money over and above paying the mortgage that I began to think it might be sensible to think about saving for the longer term. I knew in the back of my mind I wanted to one day return to the freedom and travel of my early 20s.
My saving journey began with cash ISAs and a pension with another provider. I was paying for them to look after my investments but unfortunately, they immediately lost money through previous mismanagement. That’s when I decided I wanted to take my financial future into my own hands.
This led me to research more cost-effective options and while HL was not the cheapest, it had by far and away the best platform, width of investment options and customer service.
Customer service really matters to me, and I have always quickly gotten through to a straight-talking professional whenever I have called HL.
I make the most of my tax allowances early in the tax year to provide my investments with the most time to potentially grow. In recent years, HL has also introduced an Active Savings Account, which prompted me to consolidate my cash savings.
The interest rates on offer are appealing, and I can have my savings spread across different terms and rates, all visible in one account. If I want to switch to a new fixed term, I can do this in a few simple clicks as opposed to the reams of paperwork and ID checks required from individual banks.
Having my savings and investments together under one roof provides a clear overview of my overall wealth and allows me to quickly adjust my savings and investments between cash, shares, gilts and bonds whenever I need to".
This website is issued by Hargreaves Lansdown Asset Management Limited (company number 1896481), which is authorised and regulated by the Financial Conduct Authority with firm reference 115248. The Active Savings service is provided by Hargreaves Lansdown Savings Limited (company number 8355960). Hargreaves Lansdown Savings Limited is authorised and regulated by the Financial Conduct Authority (firm reference number 915119). Hargreaves Lansdown Savings Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 with firm reference 901007 for the issuing of electronic money.
Hargreaves Lansdown Asset Management Limited and Hargreaves Lansdown Savings Limited are subsidiaries of Hargreaves Lansdown plc (company number 2122142).
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