More people feel positive about their personal finances
A poll carried out by Opinium in January found that despite concerns over major issues such as Brexit, more Britons report feeling positive about their personal finances than they did last year. The survey found that workers think that their disposable incomes will increase by 3% on average, from £349 a month to £360 a month.
Spending priorities for this year include holidays (39%), house renovations (16%), and paying down personal debt (14%). However, savings are important too, with respondents expecting to save more at an average of £221 per month, up 13% on last year.
For savers, an ISA is a simple, tax-free way to save or invest. The advantage of these types of account is that you don’t pay tax on the interest or dividends you earn, or the increase in value of your investments. There are several different types of ISA available, designed to help you save for the important things in life like holidays, a deposit for a home, or for your later years. Why not contact us for advice on choosing the one that’s right for you?
The information contained in this article is purely for information purposes only and does not constitute advice.