There are so many ways to build wealth in one’s life, and whilst our bias here at Talking Money is about aiming to help clients achieve a fixed return over a fixed period of time, we recognise that to build long-lasting wealth our clients may have money invested in a range of assets:
PEP & ISA tax-free saving wrappers
Listed equity portfolio: shares, funds, unit trusts, investment trusts
Start up equity investment: AIM shares, SEIS/EIS, VCTs, shares in private companies
Property investment: buy to let, self-storage, office space, hotels, forestry, holiday lets
Debt investment: bonds, loan notes, peer-to-peer lending
Niche assets: art, antiques, wine, classic cars
Currency: domestic cash, foreign currency accounts, cryptocurrency, gold
The following are links to useful articles across the investment and tax spectrum:
For this year's Individual Savings Accounts (ISA) information and allowances, click here.
For information on Capital Gains Tax, click here.
For information on Income Tax, click here.
To understand your pension options for retirement as a UK tax-payer, click here. This includes a useful check to see if you qualify in full for your State Pension.
The Pensions Regulator acts as the regulator for personal pension schemes in the UK. Their site includes useful tips to prevent being scammed, and other useful articles and services. Click here to access.
For the current Bank of England interest rate, click here.