Alex97 Posted January 14 Share Posted January 14 16 minutes ago, froggy8 said: all i can think is get a better percent on a savings account, i have found one at 8 percent which is nationwide bank. If you don't already, utilise your ISA allowance as any return is tax free. There's plenty of free financial advisors out there so I'd 100% take advantage of them. If your workplace has a share scheme then I'd look into that. The two I've had both offered something different in terms of security and discounts ect. Currently I lose £103 a month from my monthly take home but gain £150 worth of company shares as I'm not paying any tax on it (salary sacrifice). After 5 years I can make a withdrawal and not lose anything, if I pulled out early if just get what I put in back. After the 5 years I'll have added £6180 from my own pocket but have £9000 worth of shares however the final value will ultimately depend on how well they've done over the 5 years. Thankfully I can't see the need for the industry I work in drying up anytime soon! 2 Quote Link to comment Share on other sites More sharing options...
froggy8 Posted January 14 Share Posted January 14 (edited) brilliant advise alex, many thanks 🙂 got alot to learn about this investing thingys 😄 i will look into an isa allowance as that sounds better than a savings account. Edited January 14 by froggy8 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.