An individual savings account (ISA) is a tax-efficient way to save or invest your money. Each tax year, you can invest up to a certain amount of money into your ISA tax-free, known as your ISA allowance. The current ISA allowance for the 2022/23 tax year is £20,000, which means Read more…
Maximising your pension allowances can help you achieve your retirement goals and ensure that you have enough money to live on when you retire. The UK Government provides several pension allowances, and it’s important to understand these allowances and how to make the most of them. Annual Allowance The Annual Read more…
UK savers are voting with their feet and changing accounts in large numbers in the hunt for higher interest rates. There was a reported 317 per cent increase in the switching of accounts in the last three months of 2022. This accounts for a total of £73.5 billion being put Read more…
The headlines are full of stories about rising interest rates and their impact but it is the real interest rate that matters. Interest and inflation interact in a variety of ways. Inflation affects the rate of interest, known as the real interest rate. This is because when the value of Read more…
We all take risks in life, whether it is investing our hard-earned money or taking a chance on something that could potentially pay off. But when it comes to making financial decisions, risk management is essential for ensuring long-term success. It is important to understand how your attitude towards risk Read more…