In these times of low interest rates and rising inflation it has never been more important to get your savings working as hard as possible for you. We have put together eight simple tips to help your savings do just that.
1. Minimise tax
Paying less tax will mean you get a better return from your savings, but not everyone’s savings are as tax efficient as they possibly can be.
Start by using your Cash ISA allowance (£5,340 in the current tax year) the interest paid on a Cash ISA is not taxed, making them an attractive starting point for most savers.
Next, think about ...