It’s one of the earliest money memories many of us have – the concept of saving pocket money or communion money for something big that was out of reach. It’s a good habit to have. The peace of mind that comes with having a pot of savings is one of life’s simple pleasures, not to mention a no-brainer from a financial planning point of view.

There are many reasons to save – to grow your wealth, protect it from inflation, have money for emergencies, life’s milestones (like a wedding, buying a home, children going to college), planned future expenses (a new car, a course, a holiday) and of course to tick a few things off your bucket list. 

You may have heard that deposit accounts are currently paying little or no interest and that inflation is on the increase. For this reason, traditional savings accounts may not be the best choice, but there are other ways to build up lump sums. Talk to one of our financial consultants about smart, tax-efficient ways to save.