Managing your wealth

Whether you are investing for growth to provide a nest egg for the future, school fees planning, income to help pay those bills or enjoy life or both, we will start by looking at the most tax efficient saving so that you can make the most of your money.

The value of your investment can go down as well as up and you may not get back the full amount you have invested.

Investment Types

Deposit based savings

Instant Access Accounts

A deposit held at a financial institution that allows instant access to your money in turn you will receive a lower rate of interest

Term Deposits

A deposit held at a financial institution that has a fixed term. These are generally short-term with maturities ranging anywhere from a month to a few years. When a term deposit is purchased, the customer understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice. You will be rewarded with a higher rate of interest than that of a instant access account.

National Savings

NS&I offers a wide range of savings and investment products, specialising in tax-free and income generating products. Besides the very popular Premium Bond, NS&I’s range of products includes:

  • Premium Bonds
  • Individual Saving Account (ISAs) (Direct ISA or Cash ISA)
  • Inflation Index-Linked Savings Certificates
  • Fixed Interest Savings Certificates
  • Income Bonds
  • Guaranteed Growth Bonds
  • Guaranteed Equity Bonds
  • Children’s Bonus Bonds
  • Direct Saver Account
  • Investment Account

Please note that these investments do not include the same security of capital which is afforded with a deposit account.

The Financial Conduct Authority does not regulate National Savings products and deposit accounts.


What is an ISA?

Using an ISA means you pay no income or capital gains tax on any interest or returns you make.

An ISA is not a type of investment; it is an amount of money that you can protect from tax each year. Where you save or invest this money is up to you.

How much is the ISA allowance?

For the 2019/20 tax year the total ISA allowance is up to £20000

The full amount can be invested in either a Cash or a Stocks & Shares ISA, or be split between the two types.

  • Cash ISA
  • Deposit based tax free savings account

These investments do not include the same security of capital which is afforded with a deposit based savings account.

Stocks & Shares ISA

Money is invested into funds investing into various asset classes other than cash such as Equities, Corporate Bonds, Gilts and commercial property.  The value of these assets can rise and fall.

Junior Cash ISA

Junior cash ISAs are tax-free savings accounts for children. With a junior cash ISA, parents, family and friends will be able to deposit up to £4,260 tax year 2019/20’ to save for the child’s future.

You can choose from a Stocks and Shares ISA, a Cash ISA, or a combination of both.

The child will receive control of all monies at age 18.


Lifetime ISA allowances

Aimed at savers aged 18-39

Each individual may contribute up to £4,000 each tax year.

For every £4 you invest you will receive a £1 top up from government.  You could receive a maximum of £1,000 per annum from the government, monies must by used to buy a house or be used for retirement when age 60 or more.  Penalties will apply if not used for these 2 purposes.

  • By incurring a Lifetime ISA Government withdrawal charge you may get back less than you paid in.
  • By saving in a Lifetime ISA instead of a qualifying pension scheme you could lose contributions by your employer, if any.

Saving in a Lifetime ISA may affect your entitlement to current and future means tested benefits

Help to Buy ISA

This can provide first time house buyers a government cash bonus of up to £3,000.  You may save up to £1,200 in the first month and then up to £200 per month in subsequent months.

The value of your investment can go down as well as up and you may not get back the full amount invested


Unit Trust / OEICS

Unit Trusts and Open Ended Investment Companies (OEIC's) are forms of shared investments, or funds,

that allow you to pool your money with thousands of other people and invest in world stock markets. Unit Trusts have proved incredibly popular because your money is invested in a broad spread of shares and your risk is reduced. But they are gradually being replaced by their modern equivalent, the OEIC.

Investment Bonds

An investment bond is a single premium life insurance policy and is a potentially tax-efficient way of holding a range of investment funds in one place.

You can usually buy investment bonds from life insurance companies and they can be a good way of allowing you to invest in a mixture of investment funds that are managed by professional investment managers.

Each bond is usually designed to provide benefits for different types of investors but a common element is that they aim to produce long term capital growth and/or generate a long-term return.

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