savings Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/savings/ North Devon's Leading Wealth Managers Fri, 16 May 2025 15:23:19 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png savings Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/savings/ 32 32 Market news and investment https://www.miltonpj.net/2025/05/16/market-news-and-investment-potential/ Fri, 16 May 2025 15:20:14 +0000 https://www.miltonpj.net/?p=11820 Meta and Microsoft both topped analysts’ expectations for latest quarter’s results at the same time the US economy suffered a regression of 0.3% in the first quarter’s ‘growth’ – apparently nothing whatsoever to do with President Trump of course and his actions of late. Gold has come-off its top – an over-extended spike it might […]

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]]> ISA reform looks likely – but no details as yet! https://www.miltonpj.net/2025/04/30/isa-reform-looking-more-likely/ Wed, 30 Apr 2025 12:27:07 +0000 https://www.miltonpj.net/?p=11815 A shake-up of Cash ISAs seems on the cards as the Government has given its clearest indication yet that it is looking to reform the system. That’s a good thing as it will encourage people to see ‘investing’ as different from ‘saving’! As reported by online financial news platform Citywire, City Minister Emma Reynolds has […]

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]]> Are Cash ISAs under threat from the Chancellor? https://www.miltonpj.net/2025/02/19/are-cash-isas-under-threat/ Wed, 19 Feb 2025 14:00:41 +0000 https://www.miltonpj.net/?p=11670 Regular readers of this column will know we are not entirely (or certainly not universally) in favour of Cash ISAs simply because the balance of interest rates versus inflation means you can effectively be ‘losing’ money by having many thousands sat in an ISA ‘doing nothing’ as well as letting inflation eat it away. Saving […]

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]]> One million over 45s ‘have no savings’ https://www.miltonpj.net/2024/12/04/one-million-uk-over-45s-have-no-savings/ Wed, 04 Dec 2024 15:02:09 +0000 https://www.miltonpj.net/?p=11509 It’s scary but not really surprising that a recent survey has found more than one million people aged 45 and over have absolutely no cash savings as they head towards retirement. The survey by not-for-profit organisation Fair4All Finance of 3,101 financially vulnerable people found that 37% had no savings at all, a 14% increase in […]

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]]> Are you losing money to your ‘savings’ account? https://www.miltonpj.net/2024/10/09/are-you-losing-money-on-your-savings-account/ Wed, 09 Oct 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11434 Shocking recent figures have shown that more than 250,000 adult cash savings accounts with £10,000 and above deposited in them are earning 1% or less. This is despite a growth in savings rates and relatively high interest rates over the past two years and frankly it shouldn’t still be happening, but it is. We typically […]

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]]> Great British ISA plans will not be allowed to hatch https://www.miltonpj.net/2024/09/11/great-british-isa-plans-fail-to-hatch/ Wed, 11 Sep 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11374 Plans for the ‘Great British ISA’ have been shelved before they were hatched, sadly. The idea was unveiled in the previous Government’s final Budget (as it turned out) earlier this year by the then-Chancellor Jeremy Hunt. The scheme would have allowed savers to invest an extra £5,000 into London-listed equities on top of the existing […]

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]]> Are you saving your money with a bit of savvy? https://www.miltonpj.net/2024/01/24/savers-missing-out-on-billions-in-cash/ Wed, 24 Jan 2024 10:00:00 +0000 https://www.miltonpj.net/?p=11054 Did you know that savers in the UK have missed out on a combined total of £6.9billion in returns from their savings in 2023? Recent Bank of England data has shown that on average UK adults held some £235bn in current accounts that do not pay any interest. Consumer finance website Money Age reported that […]

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]]> It’s never too early to save for the next generation https://www.miltonpj.net/2023/02/24/its-never-too-early-to-save-for-the-next-generation/ Fri, 24 Feb 2023 12:18:07 +0000 https://www.miltonpj.net/?p=10449 With fears about the cost of living and the potential worry of how your children or grandchildren might secure a foot on the property ladder, it is never too early to start saving for the next generation. Traditionally it was to start a savings account and pay a bit in regularly but there are a […]

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]]> New Year rally https://www.miltonpj.net/2023/01/19/new-year-rally-despite-forecast/ Thu, 19 Jan 2023 13:36:25 +0000 https://www.miltonpj.net/?p=10407 Well, welcome to the highest ever levels for the FTSE100, what a pleasant ‘Father Christmas’ (well New Year) rally. The thing is, our market isn’t dear so the levels are nothing about which to be worried either. The same week also saw not the Bank of England Governor’s wish (he said wrongly in public we […]

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]]> What’s the state of the nation? https://www.miltonpj.net/2022/11/26/what-is-the-state-of-the-nation-taxes-and-markets/ Sat, 26 Nov 2022 15:35:34 +0000 https://www.miltonpj.net/?p=10351 So the Autumn Statement is behind us. Taxes are up and so we now face the highest tax burden since WW2 as well as ‘enjoying’ the biggest public spending since the 1970s. The ‘Office for Budget Responsibility’, a relatively recently created quango and chaired by Richard Hughes, (Ed Miliband’s former policy adviser who was a […]

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