What to do with the spare change in your pocket?


Some of you may not be aware, but as of the 6 April the minimum wage across the UK, shall be increasing from £7.83 to 8.21 for over 25’s, £7.38 to £7.70 for 21-24, £5.90 to £6.15 for 18 – 20, £4.20 to £4.35 for under 18’s and £3.70 to £3.90 for Apprentices. The Government has also increased the personal allowance from £11,850 to £12,500 and the higher rate tax threshold from £46,350 to £50,000. The Auto-Enrolment rules mean that employees contributions into workplace pensions will increase from 3% to 5% in April but the increase in salary for those on the National Living wage and the increase in the personal allowance will offset the impact of the increased pension contribution.

ISA Savings

Have you ever thought about ISA Investing, or more specifically, Stocks & Shares ISA investing? This can be a great way to build wealth over the longer term. With the ISA allowance currently set at £20,000 for this tax year and next, there is potential for substantial sums to be saved and invested. The Association of Investment Companies (AIC) has reported that the average investor having invested the maximum ISA allowance each year since they were introduced in 1999 into Investment Trusts (which we favor within our strategies) would now have a pot worth £436,894. This represents a gain on contributions of £250,334 in less than 20 years.

At Philip J Milton & Company we offer various ISA investment models which can be established from as little as £1,000 for lump sum investments or £50 per month for regular saving.

We review fund performance daily to ensure we can adapt to changes in the market and maximise investment opportunities. In addition to daily oversight and management of client’s funds by a team of highly qualified professionals, a client with discretionary managed investments held with us, is entitled to annual reviews at no extra cost. We believe it is important to ensure the continuing appropriateness of the investment in relation to the individuals’ current circumstances, attitude to risk and their financial objectives.

If you would like to know more about our ISAs or the services we provide, please do contact us to make a mutually convenient appointment. Our team of highly qualified advisers would be only too happy to discuss your options, with the initial meeting provided at our cost.

Risk warning – please note that the value of equities within stockmarkets can fall as well as rise and may not be suitable for everyone, at any time but particular in the short term your capital may be worth less than the original amount invested. Therefore, it is advisable to hold these types of investments for a minimum of five to ten years, over which periods stockmarket returns have shown themselves to be historically superior and broadly predictable through both good and bad times. Past performance should not be seen as an indication of future performance.