Savings & ISAs

Alternatives to make your money work harder. A few years have passed since the help-to-buy ISA closed to new applicants on 30 November 2019.  Since its launch in December 2015, the scheme offered over-16s a way to save a deposit to help take their first steps on the property ladder.  People could kick start their

Long-term saving options for children Tax-efficient ways to prepare for the future. For wealthy parents and grandparents who want to financially assist younger generations, building a nest egg on their behalf can go a long way. It can also potentially reduce the value of your estate for inheritance tax purposes, making saving for a child

Diversifying your savings Reduce risk with a mix of savings and investments. Diversification is such a commonly-used term in relation to savings and investments that it can sound like a buzzword, but the basic idea behind it is simple enough. It’s the practice of making a variety of investments in order to reduce the overall

Help-to-buy or lifetime ISA? A modern-day savings dilemma for many. Young people in the UK are finding it increasingly hard to save, either for that elusive deposit needed to secure a mortgage on their first home or to fund their retirement. According to the most recent figures from the Office for National Statistics, between 2014

Alternatives to savings accounts With cash ISAs offering low rates of return, how much risk is involved in making your cash grow? It’s well-known that returns from traditional cash ISAs have dropped dramatically over the past decade. The interest rates offered by savings account providers are dismal. These days it’s rare to find an ISA

Creating an effective ISA strategy Integrating ISAs into your savings strategy. It’s not a secret that cash ISA rates have been poor for a number of years. Gone are the days where you could deposit money into a savings account and expect a healthy return. Yet nowadays the ISA market extends far beyond cash accounts.

Saving for your child Your guide to saving for your child’s future. Taking the decision to start a family is a major turning point in life. Raising a child not only involves a great deal of responsibility, but can have huge implications for your financial situation. In fact, LV estimates that parents will spend an