CONCLUSION

As we have seen this week whilst looking at the cost of saver inaction during times of high inflation, it can have a big impact on your savings. It’s important to consider your options to make your savings work harder for you in the short and long terms.

We outlined tips to help savers during high inflation periods and it’s important also to note the following:

•i. Investors do not pay any personal tax on income or gains.

ii. Tax treatment varies according to individual circumstances and is subject to change.

iii. Stocks and shares ISA’s invest in corporate bonds; stocks and shares and other assets that fluctuate in value.

Information is based on our current understanding of taxation legislation and regulations.

As always, Woodward Marwell are always here to answer any questions you might have, so please don’t hesitate to get in touch if you need some advice.