Child Trust Funds are reaching maturity on 1 September. CTFs and Junior ISAs (JISAs) are tax efficient ways of saving for children: the annual subscription limit has now doubled. Worth considering for younger savers’ long term investments.
The FCA warns about investing in unregulated investments (such as mini bonds) which leave investors exposed with little protection. Seek advice before risking your capital on unregulated investments: if it looks too good to be true, it probably is.
The new state pension is going up, but the UK is at the bottom of the OECD league, with a state pension representing only 21.7% of average earnings. Planning for retirement is vital.