HMRC update: The handy five-point checklist to make tax year end easy | Personal Finance | Finance
She said: “This will automatically transfer the money into your investment account each month- maybe on payday.
“People can then set up regular investing on their platform, which will automatically buy the funds or shares you’ve chosen.”
Ms Keywood added it is important to try and beat low inflation rates and investing could be the way to do this.
She explained: “If you saved £200 a month into a cash ISA, earning the current average ISA interest rate of 0.19 percent you’d have a pot worth £24,250 after 10 years.
“But if you invested that and earned five percent interest a year you’d have almost £31,700 – £7,444 more.”
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