Should we be preparing for long-term inflation?
Inflation could be here to stay, as problems with production in China, coupled with energy price rises look set to keep costs high…
Do you have any money put away for a rainy day? Savings rates are currently lower than they have been historically, but this doesn’t mean it’s a bad idea to build a buffer. Many people can struggle to save with other pressures on their salary, so setting up a standing order for when you’ve just been paid into a savings account is a good idea for maintaining discipline.
There are tax-efficient products to help you build your savings, like Individual Savings Accounts (ISAs) where you do not need to pay tax on withdrawals. If you’d like to discuss any of these products and whether they could be right for you, get in touch.
Find out how an independent financial adviser can simplify your long term goals with a bespoke financial plan, please arrange an initial appointment.
Inflation could be here to stay, as problems with production in China, coupled with energy price rises look set to keep costs high…
If you’ve got multiple pensions, should you bring them together? Once you’ve decided, what do you need to do, and how hard is it?