She still has the remnants of a student loan to pay off and has amassed credit card debts of around £2,000 but other than that she has managed to avoid taking out any other loans. Should paying off her student loan be a priority, she asks? Since auto-enrolment was introduced, Sarah has been paying into a pension set up by her employer but she accepts that current contribution levels are nowhere near enough to provide her with a comfortable retirement. What should her strategy to her pension be, particularly given that she has more pressing financial priorities, in particular property investment?
Since graduating from university, Sarah has rented a property but she is keen to get a foot on the property ladder and her parents have kindly offered to stump up the deposit. She is keen to explore any tax efficient ways to save for her first home but admits also that enjoying a relatively carefree and single existence is more of a priority at the moment.
She has no other investments and admits to being financially naïve when it comes to the options available to her. She isn’t ruling out investing in shares although says ethical and sustainable investments would be a priority.